Tencent invests $1.25B in Ubisoft’s new core games operating division

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant that has struggled to launch hits until its most-recent launch of Assassin’s Creed: Shadows, said it is accelerating its transformation with this important step. The company said it is rapidly evolving its operating model with the creation of a dedicated subsidiary based on its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six brands. Following the formal and competitive selection process initiated by the Group earlier this year, Tencent will invest €1.16bn ($1.25 billion) for a minority stake in the new subsidiary. This new subsidiary will focus on building game ecosystems designed to become truly evergreen and multi-platform. Backed by greater investment and boosted creative capacities, it will drive further increases in quality of narrative solo experiences, expand multiplayer ... Read full article.