Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises.

But all of it will still report up to Ubisoft proper and its current CEO, Yves Guillemot. “With the creation of a dedicated subsidiary that will spearhead development for three of our largest ...

Tencent has invested $1.25 billion in a new Ubisoft operating division that includes the core games Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six brands. Ubisoft, the French video game giant ...

Ubisoft has launched a new subsidiary dedicated to its big three IPs - Assassin's Creed, Rainbow Six, and Far Cry - in a move CEO Yves Guillemot has called a "new chapter" for the publisher.

Ubisoft says the new subsidiary, backed by Tencent’s investment, “will drive further increases in quality of narrative solo experiences, expand multiplayer offerings with increased frequency of ...

Ubisoft said it will share more information "at a later stage." Ubisoft co-founder and CEO Yves Guillemot said this marks a "new chapter" in Ubisoft's history, calling this a "foundational step in ...

In a surprise move, Ubisoft is spinning off some of its top franchises, including “Assassin’s Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary. The separate entity is funded ...

Ubisoft’s decision is based on the desire to maximize the potential of its major franchises, which the company itself values at around 4 billion euros for this new business unit. The subsidiary ...

Ubisoft announced Thursday it is spinning off three of its biggest franchises – “Assassin’s Creed,” “Far Cry” and “Rainbow Six” – into a new subsidiary backed by Tencent.