Tencent-Backed Ubisoft Subsidiary Will Work on Live Service and Narrative-Driven Games
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- Ubisoft’s new Tencent-backed subsidiary will focus on live-service games, narrative-driven games and mobile games.
- The subsidiary will take control of the three major franchises Ubisoft has: Assassin’s Creed, Far Cry and Rainbow Six.
- Ubisoft expects the transaction to close by the end of this year.
Ubisoft’s recently released financial statements for fiscal year 2024-25 further clarified that the new Tencent-backed subsidiary will focus on live service offerings, narrative-driven solo experiences and “scaling into underpenetrated markets such as mobile and China.” Additionally, the studio expects the transaction to close by the end of 2025.
This new subsidiary will take control of the three major franchises of Ubisoft: Assassin’s Creed, Rainbow Six and Far Cry. The deal will give it “a worldwide, exclusive, irrevocable, perpetual license in respect of the IP and similar proprietary rights owned or licensable by Ubisoft.”
In early April, this undertaking was challenged by a minority investor of Ubisoft. They demanded that the French court call Ubisoft for an extraordinary general meeting and give the shareholders the right to vote on two critical resolutions: Ubisoft’s restructuring of the deal and shareholders receiving 23 euros per share in cash should the first resolution be approved.
No direct update has been provided regarding the demand; however, Ubisoft mentioned in the financial report that it has concluded that the transaction is “fair from a financial standpoint for Ubisoft shareholders.” According to Ubisoft, the studio talked to Finexsi, a financial advisory and consulting firm, which assessed the fairness of the transaction.
The Tencent-backed Ubisoft subsidiary was first reported on March 27, 2025. Ubisoft CEO Yves Guillemot announced that they are creating a new subsidiary, which is valued at around 4 billion euros, with Tencent investing around 1.16 billion euros for a 25% stake.
