Ubisoft launches its new Tencent-backed subsidiary

Ubisoft has launched — and named — its Tencent-backed subsidiary. Vantage Studios is the first of the company’s “creative houses” under a previously-announced reorganization. The new studio will oversee the company’s tentpole franchises: Assassin’s Creed, Far Cry and Rainbow Six.

The news follows Ubisoft’s March announcement of a new subsidiary with a €1.16 billion ($1.36 billion) investment from Tencent. The Chinese company took a minority ownership stake in Vantage as part of the deal. In July,…