Ubisoft to Tap Tencent Money to Pay Off Breached Loan Agreement

Ubisoft Entertainment SA said it will use money from a Tencent Holdings Ltd.investment to pay off debt after the video-game publisher breached a loan agreement because of its accounting practices. Its shares, which had been halted for a week, surged.

Ubisoft makes the popular Assassin’s Creed video game franchise.

Photographer: John Keeble/Getty Images

Auditors found that Ubisoft, the publisher behind Assassin’s Creed, had improperly booked sales from a partnership as revenue under international financial reporting standards, the company said Friday. Their review also required the French publisher to postpone recognizing some revenue tied to a deal signed in the second quarter of its 2026 fiscal year. The statement was released ...