Ubisoft’s been struggling lately. Their recent games didn’t sell as well as expected, and there were rumors they might sell out to a Chinese giant like Tencent or let another company take over their popular game franchises. But now, it seems they’ve found a way out.
The French video game company just announced a new subsidiary worth around 4 billion euros. This new company will handle Ubisoft’s popular game franchises like Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six.
Tencent Holdings Ltd, a Chinese multinational, is investing 1.16 billion euros for a 25% stake in this new subsidiary. This subsidiary will own the intellectual property rights to Ubisoft’s games and get royalties in return.
Yves Guillemot, Ubisoft’s CEO, says this new company is a major step forward for Ubisoft. It’s a new chapter in their history, and it will make them more agile and ambitious in creating high-quality games.
This new subsidiary won’t just work on existing games like Assassin’s Creed and Far Cry, but also on old games and new ones in development. This strategic move and partnership between Ubisoft and Tencent is a significant change in the gaming industry.
New Beginning
The new company will bring together teams that worked on popular games to continue their legacy. They’ll also take care of older games and new ones in development. This partnership is a big deal for the gaming world.
