Earlier in the year, we learned that Tencent was teaming up with Ubisoft to create a new subsidiary studio. This new studio, this new Ubisoft, would focus on popular Ubisoft IPs such as Assassin's Creed, Far Cry, and Tom Clancy's Rainbow Six. The new subsidiary was valued at about €4 billion, which includes the roughly 25% investment (€1.16 billion) from Tencent.
Though work is still ongoing to get the studio opened by the end of the year, we...