Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.

Shares in Ubisoft jumped about 8% Monday, after the videogame company's new title “Assassin’s Creed Shadows” clocked up two million players in less than a week. Get the full story:

The new subsidiary, valued at about 4 billion euros, will bring together the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands, the group said in a statement. The move is expected to be completed before the end of 2025,