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

Google to Make End-to-End Encryption in Gmail Available to Everyone

Google plans to roll out end-to-end encryption (E2EE) of email to all users, even those…

11 hours ago

Putin Bans Government Agencies and Banks from Communicating with Clients via Foreign Messengers

Vladimir Putin signed a law aimed at protecting citizens from telephone and cyber fraudsters: employees…

11 hours ago

Blue Origin Finds Out Why It Lost Its New Glenn Rocket’s Reusable Stage During Its First Launch

The US Federal Aviation Administration (FAA) has announced that it has received a document containing…

11 hours ago

British woman accidentally throws away her fiance’s £3m Bitcoin wallet

During spring cleaning, UK resident Ellie Hart threw out a USB device with the trash,…

11 hours ago

$100 billion as a blind: experts doubt TSMC’s plans to develop factories in the US

Early last month, TSMC announced plans to spend another $100 billion to expand its U.S.…

11 hours ago