Ubisoft Spinning Off ‘Assassin’s Creed,’ ‘Far Cry,’ ‘Rainbow Six’ Into New Subsidiary, Backed by $1.25B From Tencent

In a surprise move, Ubisoft is spinning off some of its top franchises, including “Assassin’s Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary. The separate entity is funded by a $1.25 billion investment (a 1.16 billion transaction in euros for the France-based Ubisoft) from gaming company Tencent, which will take a minority stake in the spun-off company.

Per Ubisoft, “This new subsidiary will focus on building game ecosystems designed to become truly evergreen and multi-platform. Backed by greater investment and boosted creative capacities, it will drive further increases in quality of narrative solo experiences, expand multiplayer offerings with increased frequency of content release, introduce free-to-play touchpoints, and

→ Continue reading at Variety

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