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 separate entity is funded by a $1.25 billion investment (a 1.16 billion transaction in euros for the France-based Ubisoft) from gaming company Tencent, which will take a minority stake […]