Tencent hand Ubisoft a big wad of cash to spin out Assassin’s Creed, Far Cry, and Rainbow Six as a separate business | Gaming

Well, there you have it folks. After months of uncertainty over share price falls, major game delays and squabbles with investors, Ubisoft have opened up a new subsidiary to look after their biggest-selling Assassin’s Creed, Rainbow Six, and Far Cry games, with Tencent chucking in a whopping €1.16 billion – meaning that the latter will have a 25% stake in the new spin-off business when all is said and done.

Ubisoft’s board have been publicly weighing up a major transaction of some kind since January, with Tencent and the company’s founding Guillemot brothers tipped to be in cahoots. The deal announced today is essentially about carving out the parts of Ubisoft’s business that make the most money, with Tencent pouring cash into those bits rather than other, less…more

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