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GamesRadar
Technology
Dustin Bailey

Ubisoft reaches deal with Tencent to create $4.3 billion mini-Ubisoft subsidiary to "spearhead development" on new Assassin's Creed, Far Cry, and Rainbow Six games

Ubisoft Tencent
Assassin's Creed Shadows screenshot showing Yasuke kneeling and praying while wearing a traditional purple robe.

Ubisoft has just announced the creation of a new subsidiary that will handle Assassin's Creed, Far Cry, and Rainbow Six. The new entity has an enterprise value of €4 billion (around $4.3 billion USD), with Tencent set to invest €1.16bn, giving it a roughly 25% minority stake in the business.

"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," Ubisoft CEO Yves Guillemot says in a press release, "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."

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