Ubisoft has acknowledged a press report claiming that its founding Guillemot household is contemplating taking the corporate personal with Tencent.
Final week, Bloomberg sources claimed that the Chinese language conglomerate – which already owns round 10% of Ubisoft – and Guillemot Brothers Ltd had been talking with advisers to discover methods to stabilize Ubisoft, following a 12 months during which its market worth has greater than halved.
One of many potentialities mentioned would contain teaming as much as take Ubisoft personal, it’s claimed, although talks had been stated to be at an early stage.
The report brought about Ubisoft’s share value to extend by practically 40% in comparison with per week earlier, and in an announcement given to VGC, the corporate stated that it “frequently opinions all its strategic choices”.
“Ubisoft has famous latest press hypothesis relating to potential pursuits across the Firm,” a spokesperson stated. “It frequently opinions all its strategic choices within the curiosity of stakeholders and can inform the market if and when acceptable.
“The Firm reiterates that administration is at present centered on executing its technique, centred on two core verticals – Open World Adventures and GaaS-native experiences.”
Final month, Ubisoft‘s share value dropped to its lowest level in practically 11 years. The latest dips adopted Ubisoft’s announcement that it had delayed Murderer’s Creed Shadows, and the disappointing launch efficiency of Star Wars Outlaws.
Earlier in September, a minority investor known as on Ubisoft’s administration to take the corporate personal or let or not it’s offered to a strategic investor.
Hedge fund AJ Investments revealed an open letter calling for strategic and structural adjustments at Ubisoft.
