Games

Ubisoft and Tencent Reportedly Looking at Going Private Following Drops in Ubi Stock

BBG News

As a seasoned gamer with memories of countless hours spent in the immersive worlds of Ubisoft, this news about potential changes at the company has left me both intrigued and a tad anxious. The Guillemot family and Tencent mulling over taking Ubisoft private? It’s like watching a grand chess match between gaming titans.

It’s possible that Ubisoft and Tencent are contemplating a move to take Ubisoft off the stock market, with the aim of strengthening their business operations amidst a decline in the company’s share price. This drop is believed to be due to disappointing sales for the game “Star Wars Outlaws” that didn’t meet its commercial targets, and also the delay in the release of “Assassin’s Creed Shadows.

As a gamer, I’ve just heard some exciting news that could shake up the gaming world! According to reports from GameSpot, it seems the Guillemot family behind Ubisoft and Chinese powerhouse Tencent might be considering different possibilities, one of which is Tencent taking over Ubisoft. But don’t get too excited yet – these discussions are still in their infancy, and nothing’s set in stone just yet. The Guillemot family and Tencent are keeping an open mind to other options as well. Let’s wait and see what unfolds!

As of April 2024, Tencent has acquired a 9.2% voting interest in Ubisoft and additionally holds a 49.9% indirect stake in the holding company owned by the Guillemot Brothers. Moreover, investment firm AJ Investments, a minor shareholder in Ubisoft, publicly expressed their suggestions for the company to transition into a private entity and adjust its business approach through an open letter in September.

The current turmoil at Ubisoft arises due to the company’s stocks reaching their lowest point in nearly a decade. The shift of Assassin’s Creed Shadows from its November release date to 14th February 2025 has further intensified the situation. It remains to be seen how this unfolds over time.

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2024-10-04 19:42

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