Assassin's Creed and Far Cry get new home in €1.16 billion Ubisoft-Tencent venture

Ubisoft has announced a strategic restructuring, spinning off its most successful game franchises into a new subsidiary backed by a €1.16 billion ($1.3 billion) investment from Tencent. The new entity will exclusively manage the development of Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six, marking a significant pivot in the company's operational strategy.
Under the deal, Tencent will acquire a 25% minority stake in the new subsidiary, which is valued at approximately €4 billion. The investment will help Ubisoft strengthen its balance sheet and create a more agile organizational structure while maintaining majority control under co-founder and CEO Yves Guillemot.
The new subsidiary will incorporate development teams from studios in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia. It aims to enhance game ecosystems by improving narrative experiences, expanding multiplayer offerings, introducing free-to-play touchpoints, and integrating more social features.
Ubisoft's decision comes after a challenging period of poor sales and delayed game releases. The company will continue to develop other franchises like The Division and Ghost Recon under its main umbrella. Tencent, which already held a 10% stake in Ubisoft, is restricted from selling its new equity for at least five years.
"Today Ubisoft is opening a new chapter in its history," Guillemot stated, emphasizing the company's decision to branch out the new subsidiary. The transaction is expected to close before the end of 2025, pending regulatory approvals.