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Destination
Ubisoft spins out subsidiary with a billion-dollar investment from Tencent

Ubisoft is continuing its efforts to course-correct after several challenging years. Today, the video game company announced that it will launch a subsidiary centered around three of its most familiar franchises: Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six. The as-yet-unnamed subsidiary will fold in the teams working on those three series, including Ubisoft studios in Montréal, Quebec, Sherbrooke, Saguenay, Barcelona and Sofia.<br /> This new business will receive an investment of €1.16 billion (roughly $1.25 billion) from its longstanding partner Tencent, granting the conglomerate a minority ownership stake. Following the transaction, Ubisoft will narrow focus to its other franchises, such as The Division and Tom Clancy's Ghost Recon.<br /> "T [...]

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Destination
Ubisoft launches its new Tencent-backed subsidiary

Ubisoft has launched — and named — its Tencent-backed subsidiary. Vantage Studios is the first of the company's "creative houses" under a previously-announced reorganization. The ne [...]

Match Score: 230.06

venturebeat
Tencent's Apache-licensed Hy3 takes on GLM-5.2 at half the size — and wins everywhere except coding

For the past year, the awkward secret of the open-weight model boom has been that many of the strongest Chinese releases were off-limits to a large slice of the enterprises most interested in them. Li [...]

Match Score: 178.32

Destination
Something funky is going on at Ubisoft

It's been clear for some time that all is not well at Ubisoft. Between games not meeting the company's sales expectations, studio closures, downsizing elsewhere and sexual misconduct issues, [...]

Match Score: 148.42

Destination
Ubisoft shuts down a support studio and lays off 185 workers

Following a string of misfires, Ubisoft is shutting down a support studio and downsizing elsewhere, with the company firing around 185 workers in its latest cost-cutting measure. Ubisoft Leamington, s [...]

Match Score: 144.72

Destination
The next Assassin's Creed game loses its creative director

Ubisoft's shakeups continue unabated. The creative director of the next Assassin's Creed game, codenamed Hexe, has left the company. The departure of Clint Hocking, a 20-year veteran of the [...]

Match Score: 137.83

Destination
Ubisoft made a prototype game with voice-controlled AI teammates

Ubisoft has announced a new game prototype featuring voice-controlled AI teammates that understand visual context and natural language. This "Teammates" project builds on the Neo NPCs Ubisof [...]

Match Score: 127.98

Destination
Assassin's Creed Shadows preview: a few steps in the right direction

Things aren’t exactly going swimmingly at Ubisoft right now. The publisher had a rough 2024, with Star Wars Outlaws failing to meet sales expectations and word of XDefiant’s demise coming around s [...]

Match Score: 122.88

Destination
French Ubisoft workers vote to strike

When deciding which video game to buy, "Is it fun?" is no longer the only consideration. Given the state of the industry, "Do I want to support this company?" is arguably more impo [...]

Match Score: 112.62

Destination
Ubisoft delayed its latest earnings report due to an accounting issue.

The possible reasons behind Ubisoft delaying the earnings report it was expected to release last week were the subject of much discussion, especially given the company’s well-documented issues in re [...]

Match Score: 108.23