Ubisoft’s top three earning games and their development teams are being spun off into their own subsidiary with some investment help from Tencent.
Following multiple rumors of Ubisoft looking for a partner to save it from the ongoing financial troubles it’s in, the company has confirmed it has now found a solution with Tencent. The French video game maker is teaming up with the Chinese conglomerate to spin off multiple game IPs into a new subsidiary valued at €4 billion ($4.3 billion).
Ubisoft’s three biggest franchises currently, Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six, will be under this subsidiary following the move.
