The venture will include its ‘Assassin’s Creed,’ ‘Far Cry,’ and ‘Tom Clancy’s Rainbow Six’ brands; Tencent will gain an approximate 25% economic interest in the subsidiary, which will remain exclusively controlled and consolidated by Ubisoft.
Gaming giant Ubisoft has announced the creation of a new subsidiary based on its , and brands; Chinese tech giant Tencent will invest $1.25 billion for a minority stake in the venture, which will be headquartered in France.The subsidiary will focus on building game ecosystems designed to become multi-platform, with quality solo experiences, expanded multiplayer offerings, increased frequency of content releases, free-to-play touchpoints, and more social features.
More details on the future operating model will be shared at a later date.“Today Ubisoft is opening a new chapter in its history,” said Yves Guillemot, Co-Founder and Chief Executive Officer.“As we accelerate the company’s transformation, this is a foundational step in changing Ubisoft’s operating model that will enable us to be both agile and ambitious.
We are focused on building strong game ecosystems designed to become evergreen, growing high-performing brands and creating new IPs powered by cutting-edge and emerging technologies.” “With the creation of a dedicated subsidiary that will spearhead development for three of our largest franchises and the onboarding of Tencent as a minority investor, we are crystalizing the value of our assets, strengthening our balance sheet, and creating the best conditions for these franchises’ long-term growth and success,” continued Guillemot.“With its dedicated and autonomous leadership team, it will focus on transforming these three brands into unique ecosystems.” “We are excited to extend our longstanding partnership with Ubisoft through this investment, which reflects our continued confidence in Ubisoft’s creative vision and exceptional talent to drive sustained success in the industry,” added Martin Lau, President of Tencent.“We see the immense potential for these franchises to evolve into long-term evergreen game platforms and create engaging new experiences for gamers.” The subsidiary will include the and franchise development teams based in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia as well as the back-catalog and any new games currently under development or to be developed.
A worldwide, exclusive, irrevocable, perpetual license will be granted in respect of the intellectual property and similar proprietary rights owned or licensable by Ubisoft in exchange for a royalty.Tencent will gain an approximate 25% economic interest in the subsidiary, which will remain exclusively controlled and consolidated by Ubisoft.
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