Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant that has struggled to launch hits until its most-recent launch of Assassin’s Creed: Shadows,

In a landmark deal, Chinese technology behemoth Tencent has made a significant investment of €1.2 billion ($1.25 billion) in a new spin-off from French video game developer Ubisoft. The move solidifies Tencent’s position in the global gaming landscape and underscores its long-term commitment to Ubisoft’s future.

Tencent (TCEHY) on Wednesday reported a 90% jump in quarterly profits after a surge in gaming and advertising revenue. The Chinese gaming and

Shares of Chinese big tech stock Tencent (TCEHY 0.14%) rallied today, increasing as much as 3.4%, before settling into a more modest 0.7% gain as of 2:43 p.m. ET. Tencent is argua

Shares in Ubisoft were seen up 13-15% premarket on Friday after the French video-game maker announced plans to set up a unit with Tencent, two traders said. Assassin's Creed creator said on Thursday it had set up a unit valued at around 4 billion euros in which Tencent will invest 1.