Tencent hand Ubisoft a big wad of cash to spin out Assassin's Creed, Far Cry, and Rainbow Six as a separate business ...Middle East

Well, there you have it folks. After months of uncertainty over share price falls, major game delays and squabbles with investors, Ubisoft have opened up a new subsidiary to look after their biggest-selling Assassin's Creed, Rainbow Six, and Far Cry games, with Tencent chucking in a whopping €1.16 billion - meaning that the latter will have a 25% stake in the new spin-off business when all is said and done.

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