Ubisoft has announced the formation of a new subsidiary company dedicated to its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six franchises, backed by a significant €1.16 billion (approximately $1.25 billion) investment from Tencent. This development follows the successful launch of Assassin's Creed Shadows, which has already attracted over 3 million players. The timing is critical for Ubisoft, which has faced recent challenges including high-profile flops, layoffs, studio closures, and game cancellations, contributing to a historic low in its share price.
The new subsidiary, valued at €4 billion (about $4.3 billion), is headquartered in France and aims to create "game ecosystems designed to become truly evergreen and multi-platform." Tencent will hold a 25% stake in the company. Ubisoft plans to enhance narrative solo experiences, expand multiplayer offerings with frequent content updates, introduce free-to-play elements, and add more social features.
Ubisoft will also continue to develop its Ghost Recon and The Division franchises and focus on growing its top-performing games. Yves Guillemot, co-founder and CEO of Ubisoft, stated, “Today Ubisoft is opening a new chapter in its history,” emphasizing the company’s transformation and the strategic importance of the new subsidiary in building strong, evergreen game ecosystems.
The subsidiary will include development teams in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia, covering the ongoing projects for Rainbow Six, Assassin’s Creed, and Far Cry, as well as Ubisoft’s back-catalog and future games. There are no indications of further layoffs related to this restructuring, suggesting that current projects are secure.
The transaction is set to be finalized by the end of 2025. This move is part of Ubisoft's broader strategy to enhance its operational model, focus on high-performing brands, and innovate with emerging technologies to deliver exceptional gaming experiences and value to shareholders and stakeholders.
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