While the launch of Assassin’s Creed Shadows has gone swimmingly for Ubisoft, with millions of sales and generally positive sentiments about its latest open-world RPG, it’s felt like a company in deep trouble recently. Prior to Shadows, it experienced a string of flops like XDefiant and Skull and Bones, its stock price tanked, and it conducted a critical review into how its business was being run and how it can change its fortunes. Now, Ubisoft has revealed that it’s creating a new subsidiary company that’ll house three of its biggest series, and even though the French company will remain in control, it’ll be getting a huge injection of over a billion dollars from Chinese mega corporation Tencent.

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