Deal Finalized for Assassin’s Creed and Far Cry Division

Ubisoft has officially announced the completion of a significant financial deal with Chinese tech giant Tencent, which has invested €1.16 billion into Vantage Studios. This division of Ubisoft, which became fully operational on October 1, 2025, oversees some of the publisher’s most critical intellectual properties, including Assassin’s Creed, Far Cry, and Rainbow Six. The deal involves offices across Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia, encompassing approximately 2,300 employees.

Financial Terms and Strategic Control

Following the transaction, Tencent now holds a 26.32% stake in Vantage Studios. Despite this substantial investment, the division remains under the control of Ubisoft. The French publisher highlighted that the deal values Vantage Studios at a “pre-money enterprise value of €3.8 billion.” Ubisoft CEO Yves Guillemot stated that the €1.16 billion proceeds will be used to deleverage the Group, noting that the company reported a net debt of €1.15 billion in its latest financial results. This influx of capital is intended to strengthen the balance sheet and support investment opportunities across the rest of the company.

Corporate Response and Future Outlook

Both companies have expressed optimism regarding the partnership. Yves Guillemot described the closing as a “pivotal milestone” that crystallizes the value of their world-class IPs and supports Ubisoft’s ongoing transformation. Tencent President Martin Lau echoed these sentiments, stating that the investment builds on their strong relationship and aims to accelerate the growth of Ubisoft’s flagship franchises into “annual billion-euro brands.” Vantage Studios will operate under a dedicated leadership team, embodying principles of autonomy and player centricity.