(Bloomberg) -- Tencent Holdings Ltd. and Ubisoft Entertainment SA’s founding Guillemot family are considering creating a new venture that would include certain Ubisoft assets as they seek to ...

Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.

French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion).

Ubisoft is spinning off some of its top franchises, including "Assassin’s Creed," "Far Cry" and "Rainbow Six," into a new subsidiary funded by Tencent.

Shareholders also want to limit the voting power of the Guillemot family, who founded Ubisoft. One of Ubisoft's shareholders accuses the French video game publisher of entering IP acquisition ...

Ubisoft shall return €23 per share in cash to shareholders (totaling €3 billion), while preserving €1 billion to cover remaining corporate net debt. Guillemot Brothers Holding’s voting ...

adding it "appears to be driven by the Guillemot family's desire to retain effective control of the Ubisoft parent." The investment bank's analysts added that "it's not clear to us that the ...

Ubisoft said it will share more information "at a later stage." Ubisoft co-founder and CEO Yves Guillemot said this marks a "new chapter" in Ubisoft's history, calling this a "foundational step in ...

Ubisoft announced Thursday it is spinning off three of its biggest franchises – “Assassin’s Creed,” “Far Cry” and “Rainbow Six” – into a new subsidiary backed by Tencent.

"Today Ubisoft is opening a new chapter in its history," Yves Guillemot, Ubisoft's co-founder and chief executive said in a statement. Tencent is now Ubisoft's second biggest shareholder with a ...