Ubisoft Spinning Off ‘Assassin’s Creed,’ ‘Far Cry,’ ‘Rainbow Six’ Into New Subsidiary, Backed by $1.25B From Tencent

In a surprise move, Ubisoft is spinning off some of its top franchises, including “Assassin’s Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary. The division is funded by a $1.25 billion investment from gaming company Tencent. “Today Ubisoft is opening a new chapter in its history,” said, Yves Guillemot, Co-Founder and ChiefExecutive Officer. […]