Ubsioft will spin off its most successful game franchises, including Assassin’s Creed, Far Cry, and Rainbow Six Siege, into a separate subsidiary thanks to a $1.25 billion investment from Chinese conglomerate Tencent.

As outlined in Ubisoft's press release about this deal, Tencent has agreed to invest €1.16bn for a "minority stake" of around 25% in the new subsidiary, which has been left unnamed for now and is valued at around €4 billion.