Ubisoft shares rise on the deal to rotate the top game privileges

Ubisoft The stocks rose on Friday after the French video game publisher announced a deal to overcome some of their best -selling privileges.

Thursday, Ubisoft Plans have been revealed to form a new game companyWith the Chinese technology giant Tinetnet Investing 1.16 billion euros ($ 1.25 billion) in the unit.

The subsidiary will include the most famous game brands in Ubisoft, including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six, according to a press statement.

Ubisoft shares jumped by 11 % from 10:50 am in Paris.

The game maker said on Thursday that its newly formed unit “will focus on building the ecosystems of games designed to be really evergreen and multifetage.”

Obisoft said that investment from Tinetnet is estimated at 4 billion euros. This is more than the current market value of Ubisoft.

Investors were hoping to move from Ubisoft to clarify the uncertainty surrounding its future after a series of challenges the company faces in recent years.

Ubisoft has been afflicted with various issues, from financial conflicts to delay in some of its main games – including the recently released Assassin’s Creed Shadows.

In February, the company reported a 52 % decrease in the third quarter reservations of the third quarter, which suffers from poor performance in some of its main games.

Ubisoft released the latest Assassin’s Creed Shadows, the latest batch at the best Ubisoft Game, last week.

The game got positive reviews in general, as it got a moderate score of 82 references on the Meetacritic assembly site.