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GamesRadar
GamesRadar
Technology
Catherine Lewis

Ubisoft says Tencent's $1.3 billion investment in its new Assassin's Creed-focused Vantage Studios is "imminent," in a move that will "accelerate the growth of our 3 flagship IPs"

Ubisoft Vantage Studios Tencent Charlie Guillemot Yves Guillemot
Assassin's Creed Shadows cinematic screenshot.

Ubisoft boss Yves Guillemot says Tencent's upcoming €1.16 billion (around $1.33 billion) investment in its new subsidiary Vantage Studios – responsible for its largest franchises including Assassin's Creed – is "imminent."

In Ubisoft's latest earnings results, the Ubisoft CEO and co-founder states: "The closing of our strategic transaction with Tencent – which will see Tencent become a minority shareholder in our new subsidiary, Vantage Studios – is now imminent, as all conditions precedent have been satisfied." The deal is currently "on track to close in the coming days," the financial report reveals.

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