Ubisoft says Tencent’s $1.3 billion investment in its new Assassin’s Creed-focused Vantage Studios is “imminent,” in a move that will “accelerate the growth of our 3 flagship IPs”

Ubisoft chief Yves Guillemot asserts that Tencent‘s forthcoming €1.16 billion (approximately $1.33 billion) funding in its new division Vantage Studios – accountable for its major franchises like Assassin’s Creed – is “forthcoming.”

In Ubisoft’s recent earnings results, the Ubisoft CEO and co-founder mentions: “The finalization of our strategic deal with Tencent – which will lead to Tencent acquiring a minority stake in our new division, Vantage Studios – is now forthcoming, as all previous conditions have been satisfied.” The agreement is currently “set to complete in the forthcoming days,” the financial report indicates.

Guillemot states that “this represents a significant turning point in Ubisoft’s evolution, greatly enhancing our financial standing by injecting €1.16 billion in cash, allowing the Group to manage its debts, as intended.” Not to mention that “it will also enable Vantage Studios to expedite the expansion of our three primary IPs under a committed leadership team.”

Additionally, in the earnings report, Guillemot reveals that this quarter, while Rainbow Six Siege experienced “weaker trends” in “a competitive FPS landscape,” this was “balanced out by strong results throughout the rest of the portfolio.” Guillemot shares: “The Assassin’s Creed franchise surpassed our projections, affirming its positive trajectory and capacity to engage players over time. The Division 2 also maintained robust performance, drawing from the success of the Battle for Brooklyn DLC, with the game’s initial semester already surpassing last year’s yearly bookings.”

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