Ubisoft Entertainment SA will carve out a unit including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion).
Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.
Ubisoft has announced a major change to its organization as it looks to the future, as the company has created a new "dedicated subsidiary" focused on three main franchises: Assassin's Creed, Far Cry, and Rainbow Six. Tencent is investing €1.16 billion ($1.25 billion USD) to take a minority stake (about 25%) in this new subsidiary.
Receiving over $1 billion of investment from Tencent, a new Ubisoft subsidiary will become home to Assassin's Creed, Far Cry, and more.
Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant that has struggled to launch hits until its most-recent launch of Assassin’s Creed: Shadows,
In an effort to save itself after a few rocky years, Ubisoft is opening a new subsidiary with investment from Tencent that will focus on a trio of games.