Tencent, Ubisoft
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Ubisoft is spinning off some of its top franchises, including “Assassin’s Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary.
From Variety
Assassin’s Creed: Shadows has debuted in the top ten most-played games in its first week amid runaway sales and resounding success.
From Digital Trends
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Ubisoft management seems unsure on what exactly will happen as a result of the Tencent deal, and employees are concerned about more layoffs and cuts.
New Ubisoft Subsidiary for ‘Assassin’s Creed’ Underscores Need for IP Preservation in Transmedia Era
Assassin’s Creed,” “Far Cry” and “Rainbow Six Siege” will lead IP portfolio for new Ubisoft company amid market rush for multimedia licenses
Ubisoft announced Tencent has invested €1.16 billion ($1.25 billion) for a minority stake in a newly created subsidiary that will spearhead the development of its three biggest franchises going forward: Assassin’s Creed, Far Cry, and Rainbow Six.
Ubisoft has announced that it has formed a partnership with Tencent to create a brand-new subsidiary housing their biggest games.
Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.
UBISOFT ACCELERATES ITS TRANSFORMATION BY LAYING FOUNDATION FOR NEW OPERATING MODEL WITH THE CREATION OF A SUBSIDIARY AND INJECTION OF €1.16BN OF CASH FROM SELECTED INVESTOR TENCENT PARIS – March 27,
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.