Shadows is one of the top five best-selling games in the US this year. However, that's not enough to protect Ubisoft from stock market declines.

Stock climbed on plans to carve out a unit that will house key franchises including Assassin’s Creed with the backing of Chinese tech giant Tencent.

Ubisoft now officially has a €1.16 billion life jacket from Tencent, but it comes with the cost of a few beloved IPs and the risk of layoffs.

Worldwide, Shadows has reached more than three million players so far. Shadows had the second-highest day-one sales revenue for any Assassin's Creed game, only trailing Valhalla. Shadows did beat Valhalla by one measurement, though, setting a record for the most day-one digital revenue on the PlayStation Store for the Assassin's Creed franchise.

Ubisoft is spinning off Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six into a subsidiary backed by Tencent, according to an announcement on Thursday. The Chinese gaming giant will invest €1.16 billion (~$1.3 billion) for a 25 percent stake in the carveout, which will have a total value of about €4 billion (~$4.3 billion).

One of France’s most recognizable exports gets a lifeline.

Ubisoft is creating a new subsidiary backed by Tencent for major franchises "Assassin's Creed," "Far Cry," and "Rainbow Six."

Assassin's Creed maker Ubisoft is creating a new unit with China's Tencent to handle its most popular franchises, including Assassin's Creed, Far Cry and Rainbow Six. The new unit will be worth more than $4 billion.

Ubsioft will spin off its most successful game franchises, including Assassin’s Creed, Far Cry, and Rainbow Six Siege, into a separate subsidiary thanks to a $1.25 billion investment from Chinese conglomerate Tencent.