Following the announcement of the binding agreement entered into with Tencent on March 27, 2025, Ubisoft has announced the completion of the strategic investment of Tencent in the entity Vantage Studios, built around the Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six franchises, and secured a €1.16 billion cash investment from Tencent.
The Investment values Vantage Studios at a pre-money enterprise value of €3.8 billion and marks a significant milestone in Ubisoft’s transformation.
Fully operational since October 1, 2025, and based in France, Vantage Studios is led by a dedicated leadership team with its two co-CEOs, Charlie Guillemot and Christophe Derennes, and will include Heads of Franchises. It will be supervised by an advisory committee.
Vantage Studios also represents a key pillar of Ubisoft’s new operating model built around Creative Houses and designed to foster stronger creative vision, greater focus, efficiency, autonomy, and accountability. The design of this new operating model will be finalized by year end and unveiled in January.
“I am very pleased to announce the closing of our strategic partnership with Tencent, which now becomes a minority shareholder in our new subsidiary, Vantage Studios.
Today’s closing crystallizes the value of our world-class IPs and marks a pivotal milestone in Ubisoft’s ongoing transformation. It also brings in €1.16 billion of proceeds that deleverages the Group, strengthens our balance sheet and will support selected investment opportunities across the rest of the company.
Vantage Studios, fully operational since October 1st under a dedicated leadership team, embodies the principles of autonomy, focus and player centricity, with clear accountability. It brings our Creative Houses model to life with the ambition to accelerate the growth of our flagship franchises on their path to becoming annual billion-euro brands.”
Yves Guillemot, Co-Founder and Chief Executive Officer
“Tencent is delighted to be building on our strong relationship with Ubisoft through this investment in the launch of Vantage Studios.
With its capable team and world-class creative vision, we look forward to Vantage Studios accelerating the growth of Assassins Creed, Far Cry, and Rainbow Six as evergreen platforms providing entertainment and inspiration to generations of players.”
Martin Lau, President of Tencent
