Ubisoft creates Tencent-backed subsidiary for key franchises
Ubisoft is establishing a subsidiary for its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six franchises, with Tencent investing €1.16 billion (~$1.3 billion) for a 25% stake. The new entity will be valued at approximately €4 billion (~$4.3 billion).
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The subsidiary will encompass development teams for these franchises, Ubisoft’s existing game library, and upcoming titles. It aims to enhance single-player narrative experiences and expand multiplayer offerings with more frequent content updates.
This move follows reports of Tencent’s potential Ubisoft buyout, which the company addressed by stating it regularly reviews strategic options. The deal is expected to finalize this year.
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“With the creation of a dedicated subsidiary… and the onboarding of Tencent as a minority investor, we are crystalizing the value of our assets… and creating the best conditions for these franchises’ long-term growth,” stated Ubisoft CEO Yves Guillemot.
Ubisoft recently launched Assassin’s Creed Shadows, which achieved over 3 million players and the franchise’s second-highest day-one sales revenue.
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