By Johan BODINIER and Alessandro Parodi (Reuters) -Ubisoft shares rose as much as 12% on Friday after it announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros, as the ...

The subsidiary will focus on developing evergreen and multi-platform experiences. Ubisoft CEO Yves Guillemot says that the move is a “foundational step in changing Ubisoft’s operating model ...