<ul><li>Ubisoft has opened a new subsidiary to manage Assassin's Creed, Rainbow Six, and Far Cry games.</li><li>Tencent invested €1.16 billion and will have a 25% stake in the new spin-off business.</li><li>The new subsidiary will focus on the most profitable games and be the main business unit for development teams across various locations.</li><li>Tencent's investment will help reduce Ubisoft's consolidated net debt position and improve their balance sheet.</li></ul>

Tencent hand Ubisoft a big wad of cash to spin out Assassin's Creed, Far Cry, and Rainbow Six as a separate business

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