Ubisoft’s $4 billion carveout sells Tencent a 25 percent stake in some of its biggest games

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Ubisoft is spinning off Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six into a subsidiary backed by Tencent, according to an announcement on Thursday. The Chinese gaming giant will invest €1.16 billion (~$1.3 billion) for a 25 percent stake in the carveout, which will have a total value of about €4 billion (~$4.3 billion). Ubisoft says the new entity will include the teams working on all three franchises, along with the publisher’s back catalog of games and new titles currently in development. It will work to improve the “quality of narrative solo experiences,” as well as “expand multiplayer offerings with increased frequency of content release.” Last year, Bloomberg reported that Tencent, which currently has a 10 percent stake in Ubisoft, was considering a buyout of the French game publisher. Ubisoft responded by saying it “regu ... Read full article.