Ubisoft and Tencent this morning announced the establishment of a new subsidiary that will develop the Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six series of games. The new company is valued at €4 billion (~RM 19.13 billion) with Tencent investing €1.16 billion (~5.55 billion) to hold a 25% stake in the company. At the time of writing, the name of the new company had not been announced but this will be done after the transaction is finalized by the end of this year.
Previously, Tencent already held 10% of Ubisoft’s shares with rumors that they were interested in taking over the company from the Guillemot family that founded it in 1986. With this, all games under the Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six series will be developed by the new subsidiary.
All game IPs that have been developed, are being developed, and will be developed in the future will also be held forever by the new subsidiary. The studios that will be involved are Ubisoft Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia.
In a statement released by Ubisoft, they said that it will further drive improvements in the quality of the narrative solo experience, expand the multiplayer game offering through increased frequency of content releases, introduce free-to-play games, and integrate more social features.
At this point, Tencent already owns or has made significant investments in video game companies Riot Games, Epic Games, Larian Studios, From Software, Krafton, Activision Blizzard, Remedy, Supercell, and more.