Ubisoft spins out subsidiary with a billion-dollar investment from Tencent

Ubisoft continues to make the course to correct the course after a couple . Today video game company The most familiar franchise will start a subsidiary around three: The killer’s, Cry far away and Tom Clancy’s Rainbow Six. AS-AS-The name will be folded in teams working on three series, including Ubisoft Studios, not disclosed, Montréal, Quebec, Sherbrooke, Saguenay, Barcelona and Sofia.

This new job will receive an investment of 1.16 billion euros (about $ 1.25 billion) from the long-term partner tencent. Ubisoft after surgery, for example, will increase attention to other franchises Section and Tom Clancy’s ghost treatment.

“Today is opening a new chapter in Ubisoft history,” said CEO and co-founder Yves Guillemot. “As we have accelerated the company’s transformation, it is a basic step in changing Ubisoft’s operating model, which allows you to be both agile and ambitious.”

Ubisoft has cut costs and workplaces over the past few months after the past few months . For some time, the company’s leaders were interested in finding a buyer or to find a buyer to help reverse their fortune or for a joint venture. It encourages to be recently Assassin’s Creed: Shadows It has already reached Players, but Ubisoft, probably need a few more victories to complete it completely.

There are some additional data in the announcement. A new subsidiary company shows that “this narrative will increase in the quality of solo experience.” Thus, when we expect Multiplayer and free game offers from the Ubisoft umbrella, they do not give up on single player games.