Summary
- Ubisoft has had some well-reported financial troubles over the past few years, and has been looking for a solution.
- It seems it has found one with Tencent, who now owns a majority stake in a new subsidiary.
- That subsidiary will be focused on Assassin's Creed, Far Cry, and Rainbow Six.
has announced that it has created a subsidiary worth €4 billion that 𓄧will focus on , , and , with owning a🔯 majority stake worth €1.16 billion.
Over the past few years, Ubisoft has been going through some p⛦retty tough ti♌mes financially. While things have reportedly been rough for a while, they got worse after a string of triple-A underperformers, including Star Wars Outlaws, XDefiant and Avatar: Frontiers 𒉰of Pandora. While Assassin's Creed Shadows seems꧋ to be doing well so far, it seems the company is still seeking changes.
Assassin's Creed Shadows Is The Latest Victim Of People Thinking Games Make You Violent
The real problem is that tourists to Jಌapan are clout-hungry idiots.
Since these financial issues have started being reported, it's also been claimed that Ubisoft was looking to . It seems that rumour was correct, as Ubisof🧔t and Tencent are now creating a subsidiary together tha﷽t's worth €4 billion.
For those unaware, a subsidiary is a business entity that's created and then either partially or completely owned by another company. I🐭n this case, Ubisoft and Tencent are working together.
Tencent Now Owns A Majority Stake In Some Of Ubisoft's Biggest Series
, Ubisoft has created a subsidiary that consolidates what it considers to b෴e its three biggest series, Assassin's Creed, Far Cry, and Rainbow Six. Tencent, who has been rumoured to be interested in Ubisoft's IP for some time, has invested €1.2 billion into the subsidiary, making it a majority꧙ owner. The deal is said to be completed by the end of 2025.
, the subsidiary will be located in France and will take care of development, publishing, marketing, and distribution. Th💞e subsidiary will transfer employees working in the group's studios located in Quebec, Montreal, Barcelona, Sofia, and more. It's not clear yet what this means for the series not mentioned in the subsidiary, but we'll likely find out soon.
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. - Yves Guillemot
the back catalo🌜gues, current games in development, and f🥂uture games, from Montreal, Quebec City, Sherbrooke, Saguenay, Barcelona, and Sofia. , as well as growing its "top-performing" games.
