by
William D’Angelo
, posted 6 hours ago / 668 Views
Ubisoft has announced a new subsidiary that will be partly owned by Tencent.
The subsidiary includes the teams developing entries in the Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six IP. This is an attempt to push each franchise forward as it will be “backed by greater investment and boosted creative capabilities.”
The new subsidiary is valued at around €4 billion, while Tencent is investing €1.16 billion in order to have a minority stake around 25 percent.
The goal of the subsidiary is to “drive further increases in quality of narrative solo experiences, expand multiplayer offerings with increased frequency of content release, introduce free-to-play touchpoints, and integrate more social features,” according to Ubisoft.
Ubisoft added, “The new subsidiary would include the teams developing the Tom Clancy’s Rainbow Six, Assassin’s Creed and Far Cry franchises based in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia as well as the back catalogue and any new games currently under development or to be developed.”
“Today Ubisoft is opening a new chapter in its history,” said Ubisoft co-founder and CEO Yves Guillemot. “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.
““We are focused on building strong game ecosystems designed to become evergreen, growing high-performing brands and creating new IPs powered by cutting-edge and emerging technologies.
“With the creation of a dedicated subsidiary that will spearhead development for three of our largest franchises and the onboarding of Tencent as a minority investor, we are crystalizing the value of our assets, strengthening our balance sheet, and creating the best conditions for these franchises’ long-term growth and success. With its dedicated and autonomous leadership team, it will focus on transforming these three brands into unique ecosystems.”
Ubisoft will continue to work on other IP outside of Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. This includes Ghost Recon, The Division, and more.
A life-long and avid gamer, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012 and taking over the hardware estimates in 2017. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel. You can contact the author on Bluesky.
