<p>Ubisoft Entertainment SA has entered into a minority equity investment agreement with Tencent. Under the terms, Tencent acquires a minority stake in Vantage Studios, a Ubisoft subsidiary, benefiting from customary minority protection veto rights and certain consent rights over significant subsidiary asset disposals. The agreement includes a five-year lock-up on Tencent’s securities in Vantage Studios unless Ubisoft ceases to hold a majority of voting rights and share capital. Additionally, Ubisoft maintains majority control of Vantage Studios for at least two years. The arrangement features standard share transfer provisions, including rights of first refusal and first offer, tag-along and drag-along rights, and specific options for both parties in the event of a change of control at Ubisoft, with price protections for the initial four years. The transaction aims to strengthen the collaboration between Ubisoft and Tencent, supporting the growth of Ubisoft’s key franchises. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ubisoft Entertainment SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001140333-en) on November 21, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)</p>

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<p>Tencent has acquired a minority stake in Ubisoft's Vantage Studios, with customary minority protection rights. The agreement includes a five-year lock-up on Tencent’s securities unless Ubisoft loses majority control. Ubisoft retains majority control for at least two years. The deal includes share transfer provisions and aims to enhance collaboration between the companies, supporting Ubisoft’s franchise growth.</p>

- Ubisoft Entertainment SA has entered into a minority equity investment agreement with Tencent, acquiring a minority stake in Ubisoft's subsidiary, Vantage Studios.  
- The agreement includes a five-year lock-up on Tencent’s securities and ensures Ubisoft retains majority control of Vantage Studios for at least two years.  
- This transaction aims to enhance collaboration between Ubisoft and Tencent, supporting the growth of Ubisoft’s key franchises.  

Tencent Takes Minority Stake in Ubisoft's Vantage Studios