Last Friday, French gaming company Ubisoft announced the establishment of a subsidiary focused on developing core gaming titles in partnership with Chinese game publisher Tencent. The deal, valued at around 1.16 billion euros ($1.25 billion), will see Tencent take a 25% stake in the new subsidiary, which is estimated to be worth 4 billion euros ($4.3 billion). Details: According to Ubisoft’s announcement, the transaction between the two gaming giants is expected to be completed by the end of 2025. The new subsidiary will manage Ubisoft’s three major core games: Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six, including past titles, ongoing projects, and future releases. Star Wars Outlaws, the company’s new adventure game released last July, failed to meet sales targets, prompting Ubisoft to lower its revenue forecast for the 2025 fiscal year from 2.3 billion euros to 1.95 billion euros, the same IThome report mentioned.