China's Tencent increases stake in 'Assassin's Creed' maker Ubisoft

China's Tencent increases stake in 'Assassin's Creed' maker Ubisoft

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Tencent Holdings Ltd is raising its stake in Ubisoft Entertainment SA in a deal that values France’s biggest games developer at almost $10 billion, as deep-pocketed Chinese firms continue their overseas search for growth.

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