Ubisoft boss Yves Guillemot says Tencent's upcoming €1.16 billion (around $1.33 billion) investment in its new subsidiary Vantage Studios – responsible for its largest franchises including Assassin's Creed – is "imminent."
In Ubisoft's latest earnings results, the Ubisoft CEO and co-founder states: "The closing of our strategic transaction with Tencent – which will see Tencent become a minority shareholder in our new subsidiary, Vantage Studios – is now imminent, as all conditions precedent have been satisfied." The deal is currently "on track to close in the coming days," the financial report reveals.
Guillemot says that "this marks a pivotal milestone in Ubisoft's transformation, significantly strengthening our financial position by bringing in €1.16 billion of cash, enabling the Group to deleverage, as planned." That's not to mention that "it will also empower Vantage Studios to accelerate the growth of our three flagship IPs under a dedicated leadership team."
Also in the earnings results, Guillemot states that this quarter, while Rainbow Six Siege saw "softer trends" amid "an intense FPS environment," this was "offset by strong performances across the rest of the catalog." Guillemot says: "The Assassin's Creed franchise exceeded our expectations, confirming its positive momentum and ability to engage players over time. The Division 2 also continued to perform strongly, benefiting from the momentum of the Battle for Brooklyn DLC, with the game's first semester already exceeding last year’s annual bookings."
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