Ubisoft management is thinking about selling the company to the Chinese giant Tencent

Bloomberg, citing informed sources, reported that the management of the French publisher and developer Ubisoft, amid recent failures, was thinking about selling the company.

Image source: Ubisoft

Against the background of this situation, the founders of Ubisoft – the Guillemot family with a 20.5% stake in the business – and the Chinese giant Tencent, which owns 9.2% of the shares, are studying with consultants ways to stabilize and increase the value of the company.

Image source: GamesIndustry.biz

One of the options for rectifying the situation, according to Bloomberg sources, in the eyes of Ubisoft and Tencent is the absorption of the company by the Chinese giant with its transfer from public to private.

As Bloomberg notes, the issue is still at an early stage, so the deal may not happen. In addition to buying out the company, the parties are discussing other alternatives.

Image source: Ubisoft

It is worth noting that as a result of the sharp decline in Ubisoft shares, minority shareholders, including AJ Investments, have recently called for management to be privatized or sold to a strategic investor.

Although the prospect of a buyout of Ubisoft is not yet guaranteed, Bloomberg’s publication has already caused a sharp rise in the price of the company’s shares: in the last 24 hours alone, they have jumped in price by almost 30%.

admin

Share
Published by
admin

Recent Posts

China’s XPeng Releases $20,000 MONA M03 Max Electric Car With Free Autopilot

Chinese company XPeng has unveiled the MONA M03 Max, a car with an AI-powered autonomous…

9 hours ago

Sony lifts regional restrictions from Stellar Blade on PC, and a demo version of the game is released on Steam

The developers of the post-apocalyptic action game Stellar Blade from the South Korean studio Shift…

9 hours ago

The Slormancer — Diablo Without the Frills. Review

Played on PC Over the last couple of years, the Diabloid subgenre has clearly entered…

9 hours ago

Modder Already Added Two-Player Mode to Elden Ring Nightreign That Developers Forgot About

Less than a day has passed since the release of the cooperative roguelike action game…

9 hours ago

Microsoft delays development of portable Xbox, will focus on partner consoles

According to Windows Central, Microsoft has postponed development of its own portable gaming console with…

9 hours ago