Tag: Tencent
News Ubisoft Forms 'Vantage Studios' To Work On Some Of Its Biggest Franchises
Including Assassin's Creed, Far Cry & more
After several months of planning and seeking other forms of investment, Ubisoft's move to create a spin-off games company to work on some of its biggest franchises is now up and running. Coming straight from the company itself, Ubisoft and Tencent have now created 'Vantage Studios' to develop and distribute...
News Ubisoft Shares Spike By 10% After Tencent Invests $1 Billion Into New Subsidiary
"Ubisoft is opening a new chapter in its history"
Last night, Ubisoft announced a "new chapter in its history" with the reveal that Tencent is investing $1.16 billion into a new subsidiary, and the company's shares have reportedly spiked by over 10% as a result of the news. To break down all the complicated jargon, this is based around Assassin's...
News Ubisoft IP Could Cost Buyers More Than The Company Itself, Says Report
A pricey endeavour
Earlier this week, we heard that Microsoft has seemingly held talks with Ubisoft about buying some of the French company's gaming IP - and a fresh report tells us that purchasing these franchises would likely cost a pretty penny for the Xbox owner, if they were to go ahead and pick anything up. By way of a new report from outlet...
Report Ubisoft Founders Considering A New Business 'Venture' Using Certain Franchises
Which franchises? We're not sure.
The latest twist in the ongoing Ubisoft drama has occurred today, with outlet Bloomberg delivering a fresh report on what's happening behind the scenes at the French game maker. According to this new report, Ubisoft's founders — the Guillemot family — along with major shareholder Tencent, are considering...
News Ubisoft Still Looking For Buyers Amidst Assassins Creed Shadows Delay
"We have taken decisive steps to reshape the Group"
Yesterday, Assassin's Creed Shadows was delayed again to March 2025, and it's unlikely that this ongoing uncertainty around Ubisoft is helping development matters. In a new
Report Ubisoft Is Considering A Buyout From Tencent & Partners
The Guillemot family said to be involved
You may have read reports recently on the state of Ubisoft and its financials following the release of Star Wars Outlaws - heck, it all seems to have had an effect on Assassin's Creed Shadows and its sudden delay. Well, it sounds like the company could massively change course in the future, if a new
News Tencent Will Soon Become 'Majority Shareholder' Of Dying Light Developer Techland
The dev is "happy to announce the partnership"
As Microsoft continues to try and push through its mammoth Activision Blizzard deal, gaming industry consolidation continues elsewhere. Today, the team behind Dying Light at Techland has announced that Chinese mega-publisher Tencent will soon become its "majority shareholder" - effectively taking...
News Remedy Partners With Tencent For New Free-To-Play Shooter, 'Vanguard'
"We are building something new and exciting..."
Remedy Entertainment, known for the likes of Alan Wake, Control, Quantum Break and more, has announced that it has entered into a global development, license and distribution agreeement with Chinese tech giant Tencent for an upcoming free-to-play co-operative PvE shooter codenamed "Vanguard". The game...
News Tencent Acquires Back 4 Blood Developer Turtle Rock Studios
"We can’t wait to see what comes next"
Chinese tech giant Tencent has announced today that it has acquired the Back 4 Blood developer Turtle Rock Studios, but says it'll have no effect on that specific game — and the existing team will continue to run all studio operations. Eddie Chan, Chief Strategy Officer of Tencent Games Global enthused...
News Tencent Set To Acquire UK Developer Sumo Group For Over £900m
The team behind Crackdown, Team Sonic Racing & more
The Chinese technology giant Tencent has revealed its latest acquisition today in the form of the UK developer Sumo Group for $1.27 billion, according to a new report from Reuters. However, the deal isn't 100% final just yet. Sumo Group is made up of a few subsidiaries including Sumo Digital,...
News Tencent's TiMi Forms 'Strategic Partnership' With Xbox Game Studios
"Will revolve around new game experiences"
TiMi Studios, a Chinese developer skilled in mobile development and owned by the industry giant Tencent, has formed a "strategic partnership" with Xbox Game Studios. This news comes from Niko Partners' senior analyst, Daniel Ahmad, but at this stage there's not much information about what exactly is...
News Chinese Publisher Tencent Acquires 'Minority Stake' In Dev Behind Xbox Exclusive Tell Me Why
Also known for Life is Strange
The Chinese video game giant Tencent has acquired a "minority stake" in the French studio Dontnod Entertainment. This is the same developer responsible for the Xbox and Microsoft Windows exclusive, Tell Me Why - which was published by Xbox Game Studios last year. It's also perhaps more widely known outside of this...
