Ubisoft is spinning off some of its top franchises, including “Assassin's Creed,” “Far Cry” and “Rainbow Six” into a new subsidiary. The division is funded by a $1.5 billion investment from gaming company Tencent.

French videogame maker Ubisoft said on Thursday it has set up a subsidiary in which China's Tencent will invest 1.16 billion euros ($1.25 billion). The new subsidiary, valued at about 4 billion euros,

In an effort to save itself after a few rocky years, Ubisoft is opening a new subsidiary with investment from Tencent that will focus on a trio of games.