Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six are being shelved into a separate subsidiary by Ubisoft, which is being supported by Tencent. Tencent is investing $1.3 billion for a 25% stake in the project, with the total value of the subsidiary being 4.3 billion.
As per Ubisoft, this new subsidiary will have teams that will work on these three franchises with the backing of the publisher’s games that are in development, as well as its catalog of previous games. The exact statement regarding the improvement reads “quality of narrative solo experiences.” And “expand multiplayer offerings with increased frequency of content release.”
Previously, Bloomberg reported that Tencent has a 10% stake in the project while also considering buying out Ubisoft. Ubisoft responded to the news by stating that they are constantly considering new strategic options.
The CEO and co-founder of Ubisoft Yves Guillemot, had this to say in a press release “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,”
This has been a good month for Ubisoft with Assassin’s Creed: Shadows hitting 3 million players, making it the highest second-day revenue for the series.
Discover more from Play Ludos
Subscribe to get the latest posts sent to your email.
