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Ubisoft may be on the verge of being sold: Tencent is getting in!

  • October 4, 2024
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It has been reported that Ubisoft, one of the leading companies in the gaming world, is considering major strategic changes to improve its current financial situation and prevent

Ubisoft may be on the verge of being sold: Tencent is getting in!

It has been reported that Ubisoft, one of the leading companies in the gaming world, is considering major strategic changes to improve its current financial situation and prevent the decline in stock prices.

So much so that, according to the allegations, the company has partnered with China-based tech giant Tencent. to evaluate different options for the future of the company has started.

According to Bloomberg, Ubisoft’s founders, the Guillemot family, and Tencent are discussing options such as fully privatizing Ubisoft or acquiring the company by Tencent, but since these talks are still in their early stages, there is no concrete outcome for now.

Tencent also has a stake in Ubisoft’s shares

Tencent’s current stake in Ubisoft is quite remarkable. The company will own 9.2% of Ubisoft’s net voting rights as of April 2023, while it is also the holding company of the Guillemot brothers. holds 49.9% of the indirect shares in the company It contains.

One of the biggest reasons for Ubisoft’s financial troubles was that Star Wars Outlaws, which released last month, failed to live up to expectations. As a result, Ubisoft shares lost 12.6% in value and share prices fell to the lowest level since 2015.

In addition, the company postponed the release date of Assassin’s Creed Shadows, one of the popular series, from November 15 to February 14, 2025, and this decision provoked the reaction of the players and caused a new decline in the shares.

So what do you think of Ubisoft’s current situation? You can share your thoughts with us in the comments section below.

Source: Web Tekno

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