Ubisoft and Tencent are reportedly contemplating totally different choices in an effort to stabilize the enterprise and forestall additional stock-price drops.
Based on Bloomberg, Ubisoft’s Guillemot household and Tencent have reportedly mentioned turning Ubisoft non-public, and even Tencent probably shopping for out the corporate. These discussions are reportedly nonetheless at an early stage, so it may be some time earlier than we see any outcomes. There’s additionally no assure that the discussions will bear fruit, however Tencent and the Guillemot household are reportedly open to different options.
Tencent owned 9.2% of Ubisoft’s web voting rights on the finish of April, and at the moment holds 49.9% of the Guillemot Brothers’ holding firm’s oblique stake. Minor shareholder and hedge fund AJ Investments revealed an open letter final month asking Ubisoft to go non-public and alter its technique.
Final month, Ubisoft’s shares sunk to its lowest since 2015, falling by 12.6% after Star Wars Outlaws launched to lower-than-expected gross sales. Ubisoft additionally delayed Murderer’s Creed Shadows from November 15 to February 14, 2025, taking the suggestions it realized from the discharge of Star Wars Outlaws. Within the meantime, Ubisoft can be bringing its video games again to Steam at launch in an effort to get extra folks to purchase them.