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Ubisoft resumed trading on the Paris stock market after a suspension due to an accounting error affecting its leverage covenant ratio. The company announced a €1.16 billion investment from Tencent for a 25% stake in a joint venture managing major franchises including Assassin’s Creed and Far Cry. Ubisoft also sold a 25% stake in Vantage Studios to Tencent and reported a 39% increase in quarterly net bookings with plans to cut €100 million in costs by 2026.

#France

#Paris

#Ubisoft

#ParisStockMarket

#AssassinsCreed

#FarCry

#VantageStudios

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Ubisoft

Ubisoft resumed trading on the Paris stock market after a suspension due to an accounting error affecting its leverage covenant ratio. The company announced a €1.16 billion investment from Tencent for a 25% stake in a...

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