Assassin's Creed Shadows

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Gavinmad

Mr. Poopybutthole
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It's not like the parent company doesnt still ultimately own all the assets transferred to the subsidiary. Maybe Ubisoft is just as bad at financial fraud as they are at video game development.
 

Ukerric

Bearded Ape
<Silver Donator>
8,480
10,679
It's not like the parent company doesnt still ultimately own all the assets transferred to the subsidiary. Maybe Ubisoft is just as bad at financial fraud as they are at video game development.
The subsidiary has a permanent, worldwide, yadda yadda, exclusive right to the IP.

Meaning no one but the subsidiary can make those games. Not even main Ubisoft.
 

Gavinmad

Mr. Poopybutthole
44,332
53,584
The subsidiary has a permanent, worldwide, yadda yadda, exclusive right to the IP.

Meaning no one but the subsidiary can make those games. Not even main Ubisoft.
All the real values of Ubisoft is now in the subsidiary. The old Ubisoft can now go bankrupt, be forced to sell their subsidiary stock (to Tencent), and leave the old stockholders holding the crumbs after the Guillemot take their golden parachutes.

Maybe I'm misunderstanding something but based on my recollection of when THQ declared bankruptcy (granted American company vs French one) you can't just play a shell game with a subsidiary studio because they'll all be seized and auctioned off to satisfy your creditors. Tencent wouldn't get any kind of special deal or priority.