Tencent’s investment in Ubisoft’s new games subsidiary is complete: it invested €1.16 billion for an approximately 25% economic interest in the company, now called Vantage Studios. The deal covers Ubisoft’s Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six franchises—but it does not mean Tencent bought those franchises outright.
How much did Tencent invest in Ubisoft?
Ubisoft announced on March 27, 2025, that Tencent would invest €1.16 billion in a newly created subsidiary. Ubisoft said the investment was completed on November 21, 2025. The announcement described Tencent’s stake as an approximately 25% economic interest in that subsidiary.
The original headline’s $1.25 billion is a dollar-denominated rendering of the €1.16 billion deal value. Ubisoft reported the transaction in euros, so that is the clearest figure to use.
What is Vantage Studios?
Vantage Studios is the name of Ubisoft Nova SAS, the subsidiary created around three major Ubisoft franchises. Ubisoft announced the studio’s launch on October 1, 2025, and its November closing announcement referred to Ubisoft Nova SAS as Vantage Studios.
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Ubisoft’s November announcement also put Vantage Studios’ pre-money enterprise value at €3.8 billion. That is a company-reported valuation measure, distinct from Tencent’s €1.16 billion cash investment; the two figures describe different things and should not be treated as interchangeable.
Which Ubisoft games and franchises are part of the deal?
The subsidiary is built around three named franchises:
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- Assassin’s Creed
- Far Cry
- Tom Clancy’s Rainbow Six
Ubisoft described these franchises as the foundation of Vantage Studios. The transaction announcements describe Tencent’s investment as an interest in the subsidiary, not a purchase of the underlying franchises themselves.
Why did Ubisoft create the subsidiary?
In its March 2025 announcement, Ubisoft said the transaction was intended to strengthen its balance sheet, reduce consolidated net debt, accelerate its transformation and support selected franchises. These were the company’s stated aims, not evidence by themselves of later financial or creative results.
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Ubisoft also outlined intended directions for the franchises: more investment in higher-quality narrative solo experiences, broader multiplayer offerings with more frequent content, free-to-play touchpoints and additional social features. Those are plans described in the announcement, not guarantees about specific future games or release dates.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What Tencent and Ubisoft said
Tencent President Martin Lau framed the investment as a long-term opportunity, saying: “We see the immense potential for these franchises to evolve into long-term evergreen game platforms and create engaging new experiences for gamers.” That is Tencent’s view of the franchises’ potential.
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- With next-gen quality and a detailed 3D city, MONOPOLY brings the classic franchise to a new level. Move around the board to explore the city and its different neighborhoods, or spy on your opponents before your next move.
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When Ubisoft announced the closing, CEO Yves Guillemot said Tencent “now becomes a minority shareholder in our new subsidiary, Vantage Studios.” This is Ubisoft’s description of the completed transaction.
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Deal timeline
| Date | What happened |
|---|---|
| March 27, 2025 | Ubisoft announced the agreement for Tencent to invest €1.16 billion for an approximately 25% economic interest in the new subsidiary. |
| October 1, 2025 | Ubisoft announced the launch of Vantage Studios. |
| November 21, 2025 | Ubisoft announced that the investment had completed and referred to Ubisoft Nova SAS as Vantage Studios. |
Ubisoft’s announcements
- Ubisoft’s March 27, 2025 announcement of the subsidiary and investment terms
- Ubisoft’s October 1, 2025 Vantage Studios launch announcement
- Ubisoft’s November 21, 2025 announcement confirming the closing
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