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Ubisoft and Tencent create €4B subsidiary around top 3 franchises

Summary
Ubisoft is spinning off a dedicated subsidiary built around Assassin's Creed, Far Cry, and Rainbow Six
Tencent invests €1.16B for a 25% minority stake, valuing the entity at €4 billion
The move signals a structural pivot - Ubisoft shifts toward franchise ecosystems, free-to-play, and social features
"Today Ubisoft is opening a new chapter in its history... a foundational step in changing Ubisoft's operating model"
— Yves Guillemot, CEO
01

New subsidiary structure - scope and teams

The subsidiary consolidates teams across Montreal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia
It covers all current and future games under the three franchises plus their full back catalogue
The entity will operate with a dedicated and autonomous leadership team
Ubisoft retains ownership of Ghost Recon, The Division, and other IPs outside the new structure
02

Tencent deal - minority stake with strategic weight

Tencent acquires ~25% minority stake via a €1.16B investment
Total subsidiary valuation is set at €4 billion
The deal strengthens Ubisoft's balance sheet while crystallizing asset value
Tencent's stake likely gives it a degree of influence over franchise direction going forward
03

Strategic direction - ecosystems, F2P, and multiplayer

The subsidiary is designed to transform three brands into "unique evergreen ecosystems"
Stated goals include higher quality solo narrative experiences and expanded multiplayer content
Free-to-play touchpoints and increased social features are explicitly part of the mandate
Content release frequency is set to increase across all three franchises
04

Ubisoft's parallel roadmap outside the subsidiary

Ubisoft will continue nurturing Ghost Recon and The Division internally
Focus areas include top-performing title growth and disruptive tech applied to new IPs
State-of-the-art production engines and online services remain part of Ubisoft's core offering
The dual-track structure positions Ubisoft as both a franchise operator and an IP incubator
Events
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Locations
China

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