Ubisoft and Tencent have announced a new "dedicated subsidiary" that will "will focus on building game ecosystems designed to become truly evergreen and multi-platform" in the Assassin's Creed ...

Ubisoft has announced that they have laid off 19 employees at Red Storm as part of their 'ongoing, targeted restructuring'.

Ubisoft cut its 2024-2025 fiscal year guidance due to poor management execution and game launch delays, notably Assassin’s Creed Shadows. Tencent is a likely buyer for Ubisoft, with the ...

Ubisoft is spinning off some of its top franchises, including "Assassin’s Creed," "Far Cry" and "Rainbow Six," into a new subsidiary funded by Tencent.

As reported by IGN, Ubisoft has cut 19 jobs at Red Storm, citing "ongoing, targeted restructuring and global cost-saving ...

Despite Tencent's $1.25 billion funding round earlier this year, Ubisoft concluded further structural adjustments were needed ...

Tencent—which purchased nearly 50% of Guillemot Brothers in 2022—holds 9.2% of Ubisoft’s net voting rights, or power in voting by shareholders, while the Guillemot family has about 20.5% ...

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands.

Tencent already owns around 9% of Ubisoft through previous investments (which helped fend off Vivendi in the past), and reports back in 2022 revealed Tencent wanted to increase its ownership in ...

As mentioned, this subsidiary will be receiving a huge injection of cash from Tencent. Ubisoft says the investment totals €1.16 billion, which equates to $1.25 billion / £966 million in current ...

Tencent, which currently has about a 10 percent stake in Ubisoft, also owns 49.9 percent of Guillemot Brothers Ltd. Ubisoft says it’s currently focused on open-world and live-service games.