Publisher and developer Ubisoft commented on Bloomberg’s recent report on the possible sale of the French company to the Chinese IT giant Tencent, which owns 9.2% of its shares.
Image source: X (Act902)
According to Bloomberg, one of the ways to stabilize and increase the value of Ubisoft, its founders – the Guillemot family – and Tencent see the absorption of the company by the Chinese giant with its transfer from public to private.
Let us recall that since the beginning of 2024, Ubisoft shares at auction in Paris have fallen in price by 54%, which reduced the company’s market capitalization to €1.4 billion. Against the backdrop of rumors of a takeover, the securities jumped in value by almost 40%.
«Ubisoft has noticed recent discussions in the press regarding potential interests surrounding the company. “It regularly evaluates strategic options in the interests of shareholders and will inform the market when and if appropriate,” Ubisoft said.
The company also considered it necessary to remind that Ubisoft is currently focused on implementing its strategy, within which it gives priority to open-world adventures and service games.
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