- Ubisoft has formed a new subsidiary that includes Assassin’s Creed, Far Cry, and more.
- Tencent is investing €1.16 billion in it, accounting for around 25% of the stock.
- The company is thrilled with the partnership and expects to be more ambitious.
Once a huge name in the industry known for outstanding projects, Ubisoft has come a long way down. Recent years have been so crushing for the company that it was pushed to the brink of bankruptcy. Now, to save its IPs, Ubisoft has partnered with Tencent.
Ubisoft revealed today that it is forming a subsidiary with a value of around $4 billion, which will include most of its popular franchises. Chinese giant Tencent will own a massive 25% stake of the subsidiary.
Why it matters: With falling stocks and fear of losing its IPs, Ubisoft has been actively looking for investors, and it seems to have found them in the form of Tencent.
According to Investing.com, Ubisoft’s new subsidiary is valued at $4.3 billion and includes its popular franchises like Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. In addition, Tencent is investing €1.16 billion, accounting for 25% of the shares.
Today, Ubisoft is opening a new chapter in its history. This is a foundational step in changing Ubisoft’s operating model that will enable us to be both agile and ambitious.
– Yves Guillemot
Ubisoft’s CEO, Yves Guillemot, showed his delight at this new development, stating that this is the start of something new for the studio. This will change the company’s operating model and enable it to be more ambitious.
The gaming giant hoped Assassin’s Creed Shadows would save it from the current situation, but this partnership now seems like the right move forward. However, the newly formed subsidiary will work on the aforementioned and upcoming games.
What are your thoughts on Ubisoft partnering with Tencent to keep its IPs afloat? Let us know your opinions in the comments, or join the discussion at the official Tech4Gamers Forum.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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