Ubisoft has announced a new subsidiary co-led by Charlie Guillemot and Christophe Derennes, backed by Tencent's €1.16 billion investment. The subsidiary will manage significant Ubisoft IPs like Assassin's Creed and Far Cry. The initiative aims to alleviate Ubisoft's financial challenges, allowing the parent company to retain debt while the new entity increases its market value. Charlie Guillemot, previously at Ubisoft's mobile studio, emphasized that his leadership is based on merit and the company's needs, not just his family's legacy. Criticism has arisen regarding the leadership choice of another Guillemot.
Charlie Guillemot addressed the concerns regarding his family ties, stating that his appointment is based on what Ubisoft needs at this moment rather than solely on familial connections.
The new subsidiary, backed by Tencent's €1.16 billion investment, aims to manage Ubisoft's major intellectual properties while relieving the financial burden from Ubisoft itself.
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