Assassin's Creed maker Ubisoft reverses gains
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Ubisoft is spinning off some of its top franchises, including “Assassin’s Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary.
From Variety
Assassin’s Creed Shadows allows players to build a home base at the Hideout, where they can also gather allies to assist them in completing missions and successfully navigating combat.
From The Escapist
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Ubisoft management seems unsure on what exactly will happen as a result of the Tencent deal, and employees are concerned about more layoffs and cuts.
Ubisoft is spinning off Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six into a subsidiary backed by Tencent, according to an announcement on Thursday. The Chinese gaming giant will invest €1.16 billion (~$1.3 billion) for a 25 percent stake in the carveout, which will have a total value of about €4 billion (~$4.3 billion).
Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.
Ubisoft studios VP tells employees that uncertain times are ahead and that the org currently doesn't have all the answers regarding the Tencent deal.
Ubisoft shares jumped by 11% Friday morning after the company announced it would turn its top-performing games into a new business. The news was announced
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Chinese tech titan Tencent is set to invest $1.25 billion in French video game maker Ubisoft, in exchange for a 25% stake in a new subsidiary of the "Assassin's Creed" publisher.
Ubisoft CEO Yves Guillemot's internal memo to employees about the new spun-off, 1/4th-held Tencent subsidiary and future org plans has been leaked out.