Ubisoft Names Co-CEOs for Tencent-Backed Subsidiary

Ubisoft has appointed Christophe Derennes and Charlie Guillemot as co-CEOs of a new subsidiary, backed by Tencent, which is set to be fully established by the end of 2025. Tencent is investing about $1.25 billion for a 25% stake, but Ubisoft will retain full control of the subsidiary. The entity will focus on expanding top franchises such as Assassin’s Creed, Far Cry, and Rainbow Six, while providing more autonomy and agility to development teams. Derennes, a 35-year Ubisoft veteran, and Guillemot, who has a background in management and innovation, will lead the unit. The subsidiary will also oversee games currently in development for these key franchises. This move is part of Ubisoft's strategy to strengthen its financial position and innovate on its strongest brands.