Ubisoft Spins Out Subsidiary With a Billion-Dollar Investment From Tencent

Ubisoft is launching a new subsidiary focused on Assassin's Creed, Far Cry, and Rainbow Six, backed by a 1.16 billion-euro investment from Tencent. 'The as-yet-unnamed subsidiary will fold in the teams working on those three series, including Ubisoft studios in Montreal, Quebec, Sherbrooke, Saguenay, Barcelona and Sofia,' reports Engadget. From the report: This new business will receive an investment of 1.16 billion-euro (roughly $1.25 billion) from its longstanding partner Tencent, granting the conglomerate a minority ownership stake. Following the transaction, Ubisoft will narrow focus to its other franchises, such as The Division and Tom Clancy's Ghost Recon. There is some extra good news in the announcement. The description of the new subsidiary does specify that 'it will drive further increases in quality of narrative solo experiences.' So while we can expect to also see multiplayer and free-to-play offerings from the Ubisoft umbrella, they aren't giving up on single-player games. 'Today Ubisoft is opening a new chapter in its history,' CEO and Co-Founder Yves Guillemot said. 'As we accelerate the company's transformation, this is a foundational step in changing Ubisoft's operating model that will enable us to be both agile and ambitious.'

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