Welcome to the TechMeme right home for Friday, March 28th, 2025.

I'm Brian McCullough today. More big moves in the gaming space.

But we need to talk about that CoreWeave IPO. It didn't go well.

Facebook has a shocking idea. What if you could see what your friends were up to?

Anthropics says it's getting close to understanding how LLMs actually work,

and of course the weekend long read suggestions.

Here's what you miss today in the world of tech.

The games industry continues its multi-year reshuffling Ubisoft.

Plans to spin off a unit which will include

the Assassin's Creed franchise into a around 4 billion euro subsidiary with Tencent investing

around 1.16 billion euro for a 25% stake, quoting Bloomberg. The deal represents a vote of

confidence from Tencent, which already owns a 10% stake, quoting Bloomberg. The deal represents a vote of confidence from Tencent, which already

owns a 10% stake in Ubisoft in the wake of a difficult few years since a pandemic-era

lockdown easing. The unit's $4 billion euro valuation is higher than the group's current

enterprise value. The valuation, quote, confirms that the group was severely undervalued. Charles Louis

Plannad, an analyst at Midcap Partners, said in a phone interview, the cash injection of over

one billion euro is very significant and solves the group's financing problems, he said.

Ubisoft shares rose 9% to 14 euro and 9 cents at 9.30 a.m. in Paris trading on Friday after earlier touching 14

Euro 27, the highest inner-day price since November. It's the outcome of a process that started

in January after last year's launch of Star Wars Outlaws disappointed and the release of the latest

Assassin's Creed installment was delayed. The new subsidiary

will include the teams working on the titles and will control the back catalog and any new

...