EXCLUSIVE – Yves Guillemot’s Internal Memo on Ubisoft and Tencent’s New Subsidiary

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This morning, Ubisoft and Tencent unveiled a new venture estimated to be worth around €4 billion or $4.3 billion. Our team at TopMob has been briefed about this development in an internal memo from Ubisoft’s CEO, Yves Guillemot.

Hey everyone! I’m thrilled to share some exciting news – it’s a significant step forward for Ubisoft! We’ve been carefully considering our future strategy, and we’ve just sealed an amazing deal with one of our valued partners, Tencent. They’re investing €1.16 billion into us, which will greatly benefit Ubisoft as a whole. This investment empowers us to regain control over our destiny and create the best games possible.

The terms of this partnership are clear: we’ll establish a new subsidiary within Ubisoft that focuses on our three strongest franchises – Assassin’s Creed, Rainbow Six, and Far Cry. This subsidiary will unite the teams working on these brands, primarily from studios in Montreal, Quebec City, Sherbrooke, Saguenay, Barcelona, and Sofia. Tencent will be a 25% shareholder of this new entity, aiming to help these franchises become globally recognized titans.

This agreement is essentially a testament to the fantastic work you’ve been doing for years – the value of these three brands directly reflects your individual and collective talent and dedication. This investment will also enable us to speed up the changes we’ve been discussing across the group, which many of you have been eagerly anticipating, as indicated by the Ubisoft XP survey. These changes align with the initiatives Marie-Sophie has recently shared, which prioritize crafting exceptional games and enhancing player satisfaction. This is what will help us regain a higher level of profitability.

This announcement arrives at a crucial juncture, following the positive response to Assassin’s Creed Shadows and the buzz generated by the announcement of Rainbow 6 Siege X, which we can be proud of. I want to extend my heartfelt appreciation for your resilience, determination, courage, and creativity – these qualities make Ubisoft truly unique and helped us navigate a challenging period over the last few years.

Over the approaching months, we’re focusing on crafting our upcoming phase. As expected, this next move in our progression may spark numerous queries, even at a personal level. Rest assured, we will make every effort to keep you updated, address your concerns, and clarify our future plans.

I invite you to tune into the worldwide broadcast happening tomorrow at 3:30 p.m. CET where I’ll have some remarks for you. You’ll receive the invitation soon.

Looking forward to seeing you tomorrow, and thank you once more,

Yves

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2025-03-27 20:48