The Chinese Tencent technology giant made an investment of 1.2 billion euros ($ 1.25 billion) in a Ubisoft spin-off, the manufacturer of the Creed video games in the assassin.
Tencent, based in Shenzhen, will have approximately a quarter of the new company, Ubisoft holding the rest of the new subsidiary, which is valued at around 4 billion euros.
The unit will direct some of the largest franchises in the French company, notably Assassin’s Creed, Far Cry and Rainbow Six by Tom Clancy.
Tencent, which is one of the largest video game developers in the world, is also known for its internet services, including the extremely popular WeChat messaging application.
“Today, Ubisoft opens a new chapter in its history,” said Yves Guillemot, co-founder and chief executive officer of Ubisoft in a press release.
Tencent is now the second largest shareholder in Ubisoft with a participation of just under 10%.
“We are delighted to extend our long -standing partnership with Ubisoft thanks to this investment,” said Martin Lau, president of Tencent.
Ubisoft has said that he will now focus on his other marquee titles, notably Ghost Recon of Tom Clancy and the division.
Ubisoft’s market value has dropped sharply in recent years after delays in new games and fall in sales.
It is despite that his actions get a boost earlier this month, the investors praised the launch of the last episode of the Assassin’s Creed franchise.
The highly anticipated assassin’s belief shadows had been delayed several times.
He followed the disappointing performance of the other main titles of the company, Star Wars Outlaws, and the concerns of certain spectators on the way Ubisoft takes place.
The allegations of sexual misconduct of the former leaders of Ubisoft also struck the company.
