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Ubisoft creates a subsidiary of its XXL licences with Tencent investing EUR 1.2 billion
The French heavyweight of the video game has announced that it is creating a new subsidiary that will consolidate its three most iconic licenses: Far Cry, Assassin's Creed and Rainbow Six.
This is a major milestone in the soon-together-orage Ubisoft 40. On Thursday, the French heavyweight of the video game announced that he was creating a subsidiary that would combine its three most iconic licenses: Far Cry, Assassin's Creed and Rainbow Six. Installed in France and consolidated in Ubisoft's accounts, this structure will be operational and will take care of the development of games, publishing, marketing and distribution.
Several thousand employees will therefore switch from the fold of Ubisoft's historic channel to this new structure. Everything has not yet been stopped but this transfer will concern employees working in the group's studios located in Quebec City, Montreal, Barcelona or Sofia.
Valuation of EUR 4 billion
At the same time, the Chinese giant Tencent - which already owns 9.99 % of Ubisoft's shares and 49.9% of the family holding company Guillemot Brothers (with 17.3% of the voting rights) - will inject EUR 1.16 billion into this subsidiary from which it will own almost 25%. An operation valuing the subsidiary 4 billion.
With this set-up, the Guillemot siblings thus bring fresh money thanks to this structure - whose valuation is much greater than the group's market capitalization - and strengthens its control over its major assets.