Assassin’s Creed creator Ubisoft sets up 4 billion euro subsidiary, backed by Tencent

This step is expected to be completed before the end of 2025, it added [File]
Photo Credit: Reuters

French videogame manufacturer Ubisoft said on Thursday that it has set up a subsidiary in which China’s Tencent would invest 1.16 billion euros ($ 1.25 billion).

The group said in a statement that the new subsidiary, about 4 billion euros, the killer’s creed, the remote Roe and Tom Class’ will bring six brands together. This step is expected to be completed before the end of 2025, it was added.

After Bloomberg News, Ubisoft’s shares rose in mid -March, when he reported that the video manufacturer was demanding investors for a new unit, with invited bidders to tensent.

The new subsidiary will include Tom Clansy’s Rainbow Six, the killer’s creed and remote chrying teams, which are located in the Canadian cities of Montreal, Cubek, Sherbrook and Saguneya, and to develop any new game in Barcelona and Sophia, as well as in Barcelona and Sophia.

“With the construction of a dedicated subsidiary, which will expand the development for three of our three largest franchises and will be onboarding the tenboard as a minority investor, we are crystallizing the value of our property, strengthening our balance sheet, and these franchisees are constructing the best conditions for the long -term development and success of these Guelmot said in a statement.

He said, “As we accelerate the company’s change, it is a fundamental step in changing Ubisoft’s operating model that will enable us to create both agile and ambitious”, he said.

Guilmot stated that the company is committed to the creation of a sharper, a more concentrated organization – a where talented teams will move the brands to the next level, accelerate the development of the emerging franchise, and lead innovation in the next generation technologies and services.

“We see immense potential for these franchise to develop in long -term evergreen game platforms and create attractive new experiences for gamers,” said in a statement by Tensent President Martin Lau.