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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...

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.

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