The French publisher confirms a €1.16 billion investment in Vantage Studios
Ubisoft has announced the completion of Tencent’s €1.16 billion investment in Vantage Studios, the division in charge of the Assassin’s Creed, Far Cry, and Rainbow Six franchises.
Vantage Studios became operational on October 1, and includes Ubisoft’s offices in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona, and Sofia, encompassing a total of 2,300 employees. Following completion of the deal, Tencent now holds a 26.32% stake in Vantage Studios, which remains controlled by Ubisoft.
In a press statement, Ubisoft said that Vantage Studios has a “pre-money enterprise value of €3.8 billion,” while CEO Yves Guillemot heralded the deal as a milestone. “Today’s closing crystallizes the value of our world-class IPs and marks a pivotal milestone in Ubisoft’s ongoing transformation,” he said. “It also brings in €1.16 billion of proceeds that deleverages the Group, strengthens our balance sheet and will support selected investment opportunities across the rest of the company.
“Vantage Studi