Tencent

Ubisoft And Tencent Spins New Subsidiary For Far Cry, Rainbow Six and Assassin’s Creed

Ubisoft’s new subsidiary is valued at $4.3 billion (€4 billion) and will be the new home of Assassin’s Creed, Far Cry, and Rainbow Six franchises.

Tencent owns 9.99% of Ubisoft while the Guillemot family owns 14%.

Kuro Games was founded in 2014 as Zhuhai Kuro Technology Co. Ltd.

Tequila Works promotes itself as a “boutique studio that unites tradition and creativity”.

“To ensure long-term success for both Xbox and the industry as a whole, we must continue to evolve,” Spencer said.

The roles impacted at Payload Studios cut across community manager, QA tester, artists, producer, designer, and director.

Ouka Studios, the developer behind Visions of Mana is facing closure as NetEase and Tencent scale back their investment in Japan

TerraTech developer Payload Studios has announced that it is laying off 25% of its workforce according to the CEO’s announcement.

Sumo Group was acquired by Tencent in January 2022. It is made up of Sumo Digital, Auroch Digital, and Secret Mode.

Alan Wake Developer Remedy Entertainment has announced the cancellation of a multiplayer project codenamed Kestrel.