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- Recently, rumours were going on about Ubisoft being taken private by the Guillemot family and Tencent.
- Now, the company has acknowledged these rumors and said that it is reviewing various options.
- It didn’t reveal much about the situation, as more will be revealed when the time is right.
After the disappointing sales of Star Wars Outlaws and the delay of Assassin’s Creed Shadows, Ubisost stocks fell even lower. Following that, a rumor surfaced online stating that the Guillemot family, along with Tencent, is planning to take the company private.
With how things are going with Ubisoft, this seems like a smart decision, as otherwise, the company might not survive. Now, Ubisoft has acknowledged these buyout rumors and revealed that the Guillemot family is indeed considering taking the company private with Tencent.
Why it matters: Ubisoft has published some of the best games in the history of gaming, but due to its recent failures and ignoring fans’ feedback, the company is in a very poor condition.
In a statement given to VGC regarding this buyout, the gaming giant acknowledged the rumors and revealed that it is regularly reviewing all of its strategic options in the interest of stakeholders.
Ubisoft has noted recent press speculation regarding potential interests around the Company.
It regularly reviews all its strategic options in the interest of stakeholders and will inform the market if and when appropriate.
-spokesperson
The gaming giant will inform the market when it seems appropriate to reveal such information. However, what matters is that the company has acknowledged the buyout rumors, and it seems like the Guillemot family is indeed at an early stage for this deal.
When the rumor regarding this buyout surfaced online, the share price of Ubisoft increased by a whopping 40%. Before that, the share price was declining at a horrifying rate, but this sudden increase showed that the buyout is very likely now.
This latest report also confirms that Ubisoft is indeed reviewing some strategic options. As of now, nothing else much is known, but given the giant’s condition, it is likely to reveal more about it pretty soon.
Despite the issues, the company reiterated that ‘the management is still focused on open-world adventures and GaaS native experiences.’ So, despite whatever is going on, it seems to focus on the two cores.
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[News Editor]
Obaid is pursuing a Law degree, while working as a content writer. He has worked as a gaming writer for over a year because of his passion for the medium and reporting the latest updates in the industry. Having played hundreds of games, Obaid finds himself coming back to Elden Ring, Cyberpunk 2077, and Red Dead Redemption 2, with these games being among his favorites. He has also been mentioned on highly regarded websites, such as Wccftech, Metro UK, PS Lifestyle, GamePressure, VGC, and Gamespot.
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