Ubisoft Opens New Subsidiary Backed By Tencent For Assassin's Creed And Other IP

"A new chapter in its history".

Nintendo has shared all sorts of new and exciting reveals for the Switch this week, but it's not the only company that's been busy. Third-party developer and publisher Ubisoft has announced it will be "accelerating its transformation" with a new dedicated subsidiary for Assassin's Creed, Far Cry, and the Tom Clancy's Rainbow Six series, and it's backed by Tencent.

The Chinese video game company will be investing €1.16 billion (approximately 25%) for a "minority stake in the new subsidiary" valued at around €4 billion. The focus will apparently be to build and create gaming ecosystems that are "truly evergreen and multiplatform".

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