Is Assassins Creed Shadows too little, too late? Ubisoft is reportedly looking for big money backers to fund spin-offs for some of its biggest IP.
Ubisoft is seemingly looking for financial backers in a new business entity, which will make use of some of its biggest IPs like Assassin’s Creed and others. This information comes from a Bloomberg report, written from details from sources familiar with the situation.
Bloomberg claims that the French gaming giant is apparently looking for bids for this new venture to be made by as soon as the end of the month. These bids would be for a minority stake, and one of the parties reportedly at the table for this whole affair is Tencent. Tencent, which already has a 9.99% ownership in Ubisoft and has been at the centre of prior reports regarding Ubisoft’s future.
Bloomberg’s Dong Cao, Vinicy Chan, and Benoit Berthelot write that Ubisoft may be seeking a valuation of this new IP offshoot business that is « higher than the size of the main company’s » according to their sources, though they note that these matters are still being considered and that no final decision has been made.
