Posted 07/09/09 at 08:00:30 PM by Paul Lilly

Toronto, eager to offset some of the losses in its manufacturing sector, has lured Ubisoft to set up shop north the border by offering the game publisher $263 million. Ubisoft has published such hits as Assassin's Creed, Call of Juarez, Brothers in Arms: Hell's Highway, Far Cry, Prince of Persia, and many more across all gaming platforms.

The $263 million deal, which comes in the form of a tax credit, keeps Ubisoft in Canada for at least 10 years and is expected to create 800 jobs. For Ubisoft's part, the publisher plans to invest upwards of $500 million. Ubisoft reportedly made $1.7 billion last year.

While the tax break is significant, the government said it plans to make the money back through jobs created, tax revenues, and spin-offs, The Inquirer reports.

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