Ubisoft Entertainment said it is forming a new unit that would house its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six games, with Tencent Holdings investing 1.16 billion euros ($1.25 billion) for a minority stake in the subsidiary.

There’s been a lot of chatter about the state of Ubisoft and the company’s future, and Tencent’s name has been floated as a potential suitor should the Assassin’s Creed developer ever become available for sale. Now, the two companies are partnering to form a new Ubisoft subsidiary, with Tencent investing €1.16 billion.