Embattled Ubisoft Forms Subsidiary for IPs Like Assassin's Creed, Far Cry and Rainbow Six With the Help of €1.16 Billion Tencent Investment

Ubisoft has created a subsidiary institution based connected its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands, with a €1.16 cardinal (approx. $1.25 billion) concern from Chinese megacorp Tencent.

The quality comes blistery connected the heels of the motorboat of Assassin's Creed Shadows, which conscionable passed the 3 cardinal subordinate mark. Ubisoft suffered a fig of high-profile flops, layoffs, workplace closures, and crippled cancellations successful the tally up to Assassin's Creed Shadows' release, and determination is tremendous unit connected it to win aft the company's stock terms deed an historical low.

Ubisoft said this caller subsidiary, valued astatine €4 cardinal (approx. $4.3 billion) and based successful France, volition absorption connected “building crippled ecosystems designed to go genuinely evergreen and multi-platform.” Tencent’s involvement amounts to 25%.

Ubisoft added: “Backed by greater concern and boosted originative capacities, it volition thrust further increases successful prime of communicative solo experiences, grow multiplayer offerings with accrued frequence of contented release, present free-to-play touchpoints, and integrate much societal features.”

Ubisoft said it volition “focus” connected the improvement of its Ghost Recon and The Division franchises and turn its apical performing games.

“Today Ubisoft is opening a caller section successful its history,” said Yves Guillemot, co-founder and main enforcement serviceman of Ubisoft.

“As we accelerate the company’s transformation, this is simply a foundational measurement successful changing Ubisoft’s operating exemplary that volition alteration america to beryllium some agile and ambitious. We are focused connected gathering beardown crippled ecosystems designed to go evergreen, increasing high-performing brands and creating caller IPs powered by cutting-edge and emerging technologies.

“With the instauration of a dedicated subsidiary that volition spearhead improvement for 3 of our largest franchises and the onboarding of Tencent arsenic a number investor, we are crystalizing the worth of our assets, strengthening our equilibrium sheet, and creating the champion conditions for these franchises’ agelong word maturation and success. With its dedicated and autonomous enactment team, it volition absorption connected transforming these 3 brands into unsocial ecosystems.

“We are committed to gathering a sharper, much focused organization-one wherever talented teams volition instrumentality our brands to the adjacent level, accelerate the maturation of emerging franchises, and pb innovation successful adjacent procreation technologies and services, each with the extremity of delivering enriching, memorable games that transcend players' expectations, and make superior worth for our shareholders and different stakeholders.”

So, what does the woody mean successful reality? This caller subsidiary includes the teams processing the Rainbow Six, Assassin’s Creed, and Far Cry franchises based successful Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia, arsenic good arsenic Ubisoft’s back-catalog and immoderate caller games presently nether improvement oregon to beryllium developed. So, it sounds similar existing projects are safe, and determination is nary connection yet connected much layoffs.

The transaction is expected to implicit by the extremity of 2025.

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Photo by Jakub Porzycki/NurPhoto via Getty Images.

Wesley is the UK News Editor for IGN. Find him connected Twitter astatine @wyp100. You tin scope Wesley astatine [email protected] oregon confidentially astatine [email protected].