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Wall Street Breakfast

Ubisoft cracks next level with Tencent

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 24 November 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

Ubisoft gains as Tencent invests in studio behind Assassin’s Creed, Far Cry, Rainbow Six. (00:20) Trump expected to announce 'framework' to cut health costs - report. (01:13) Michael Burry's big stay-tuned reveal is ... a Substack? (02:26)

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:07.6

Thanks so much for joining us on this Monday, November 24th. I'm Julie Morgan. Big money for Ubisoft,

0:15.4

big policy talk from Trump, and a new platform for Michael Burry.

0:25.8

Ubisoft jumped to his highest level in nearly a year after the company announced a major new deal with Tencent. Tencent is investing $1.3 billion in Vantage Studios.

0:32.9

The Ubisoft division behind big franchises like Tom Clancy's Rainbow Six, Assassin's Creed and Far Cry.

0:40.3

Yubasov says the cash will help pay down debt. The investment which follows an agreement

0:45.3

made back in March values Vantage Studios at pre-money enterprise value of about $4.3 billion.

0:53.0

Ubisoft called the deal a significant milestone in its transformation.

0:57.0

Once the investment goes through, Tencent will own 26.32% of Vantage Studios,

1:03.0

though Ubisoft will still have full control.

1:07.0

At the time of the announcement,

1:08.0

Ubisoft's shares in Paris were up more than 9%.

1:12.1

President Trump is expected to share the basics of his new health care plan soon, possibly today at the White House.

1:20.3

He'll be joined by Dr. Mehmet Oz, who now leads Medicare and Medicaid.

1:24.7

The plan called the Health Care Price Cuts Act is meant to keep Affordable

1:28.4

Care Act premiums from jumping as key subsidies run out at the end of the year. About 22 million

1:34.9

people could be affected. Top Republicans in Congress, including Senator John Thune and House Speaker

1:41.2

Mike Johnson, are set to get a briefing. The proposal would try to stop

1:45.6

surprise premium increases, get rid of zero premium subsidies that Republicans say are being misused,

1:52.6

and create a small deposit program that encourages people to choose a lower cost plan. Any savings

1:59.1

would go into a government-backed health saving account. Polls from

2:02.9

KFF show most Americans across parties support extending ACA tax credits. Trump is also pushing

...

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