Ubisoft reaches deal with Tencent to create $4.3 billion mini-Ubisoft subsidiary to "spearhead development" on new Assassin's Creed, Far Cry, and Rainbow Six games

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The transaction is expected to be finalized by the end of the year.

Tencent already had a 10% stake in Ubisoft proper prior to its investment in this new entity.

The company says the new subsidiary will “remain exclusively controlled and consolidated by Ubisoft.”