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

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).