Ubisoft calls it a "new chapter" for the publisher.
Ubisoft will take its biggest franchises — Assassin’s Creed, Far Cry, and Rainbow Six — and spin them off into a new subsidiary backed by Tencent.
“Tencent’s will invest €1.16bn for a minority stake in the new subsidiary,” Ubisoft said in a press release. “This new subsidiary will focus on building game ecosystems designed to become truly evergreen and multi-platform. Backed by greater investment and boosted creative capacities, it will 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.”
The new subsidiary is valued at €4bn, and will include all the development teams working on the franchises mentioned above. They include studios based in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia.
Ubisoft also advised it will “focus on nurturing the development of iconic franchises including Tom Clancy’s Ghost Recon and The Division” in parallel to the new subsidiary.
“Today Ubisoft is opening a new chapter in its history,” said, Ubisoft 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.”
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