Ubisoft announces H1 earnings ahead of expectations, confirms Tencent deal to close in coming days

Image for article Ubisoft announces H1 earnings ahead of expectations, confirms Tencent deal to close in coming days
News Source : GamesIndustry.biz

News Summary

  • Ubisoft announces H1 earnings "ahead of expectations" and confirms it is on track to close €1.16 billion partnership deal with Tencent.
  • Restructuring, 1,500 job losses, and "discipline in recruitment" expected to deliver €100 million in savings.
  • Launch of Tencent-funded subsidiary Vantage Studios is "imminent" and "all conditions precedent have been satisfied" Vantage will own the company's prime brands of Assassin's Creed, Far Cry and Rainbow Six.
Ubisoft has announced H1 earnings ahead of expectations and confirmed it is on track to close its 1.16 billion partnership deal with Tencent.It follows a week of speculation triggered by the for [+4993 chars]

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