A new report is making the rounds from Reuters that Ubisoft’s owners are having ongoing discussions with Tencent along with other investors pertaining to a potential buyout.
According to this report, The Guillemot family made it known to any potential buyers that they want to retain control of the company. Tencent at this time is undecided if they want to increase its share in the company or not. But talks with the chinese based company involve preventing “any hostile takeover of Ubisoft by other investors.” Tencent as of now is the second largest stockholder in Ubisoft with a 10% stake in the company. And the exact reason for a delay in any choice comes from the company wanting a “greater say on future board decisions including cash flow distribution.” And the original report claims that the Guillemot family hasn’t agreed to those terms.
In a response to the report a Ubisoft spokesperson told Reuters “We remain committed to making decisions in the best interests of all of our stakeholders. In this context, as we have already indicated, the company is also reviewing all its strategic options.” Upon this news breaking stock trading for the company was temporarily suspended, but when it resumed share prices jumped 13%.
The general reception around Ubisoft has operated on the negative side of things with every release as of late. With reports of layoffs hitting the company due to the cancellation of its free-to-play Call Of competitor in XDefiant and a litany of rocky releases Ubisoft seems to be at rock bottom. With the future release of Assassin’s Creed Shadows on the horizon many believe that the title needs to launch in a near perfect state for any semblance of hope to get back to status quo. But if Ubisoft faces yet another bad launch acquisition talks will certainly ramp up.
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