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Assassin’s Creed maker Ubisoft plunges 16% after Chinese giant Tencent ups stake. Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Shares of games developer Ubisoft plunged more than 16% on Wednesday after prospects of a full takeover were dampened following a move by Chinese tech giant Tencent to increase its stake in the company. Read more... https://www.newstribe.in/assassins-creed-maker-ubisoft-plunges-16-after-chinese-giant-tencent-ups-stake/ #ActivisionBlizzardInc #businessnews #Earnings #Entertainment #Gamingsoftware #media #Mergersandacquisitions #MicrosoftCorp #mobilegaming #NetEaseInc #SonyGroupCorp #TencentHoldingsLtd #UbisoftEntertainmentSA #Videogames #newstribe