The Guillemot family and Tencent Holdings Ltd. are considering starting a new venture using some of the Ubisoft assets, according to a new report.
According to Bloomberg, the two parties are evaluating which assets to include in this new venture and their valuation. If it goes through, this deal would allow Tencent to own a stake in this venture, gain more control of some of Ubisoft's properties, and boost its presence in the video games market outside China considerably. The Guillemot family, on the other hand, would be able to retain control of Ubisoft.
As these deliberations are private, neither Tencent nor Ubisoft have confirmed if the possibility of a new venture is real. A representative for the Chinese company declined to comment on the matter, while a Ubisoft representative only referred to the recent appointment of advisors to review and pursue various options to boost the company's value. As these talks seem to be ongoing, nothing has been decided yet, and it's likely nothing will be decided until some time after the release of Assassin's Creed Shadows, which was recently delayed once again.
Given how much seems to be riding on Assassin's Creed Shadows' success, it was not surprising to learn last week that the game was delayed to March 20th. Being the most ambitious entry in the series to date, Ubisoft co-founder Yves Guillemot said an additional month of development time will allow the involved studios to incorporate the player feedback gathered over the past three months, fully deliver on the game's potential, and finish the year on a strong note.
About the author: Francesco De Meo has been covering video games and technology since 2012, starting his career at small outlets like Gamersyndrome and GeekSnack. After joining Wccftech gaming section in 2015, he quickly expanded his video gaming coverage with in-depth reporting, interviews with iconic industry figures such as Grasshopper Manufacture founder and No More Heroes creator Goichi "Suda51" Suda, Resident Evil series creator Shinji Mikami, Team NINJA's president and Nioh series director Fumihiko Yasuda, and Silent Hill creator Keiichiro Toyama, reviews and on-the-ground coverage of major industry events such as Gamescom and E3. When he's not reporting or reviewing, Francesco can be found playing the genres he loves most, spending time with his six cats, reading, writing music, playing guitar and drumming for his progressive rock band.
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