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    DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

    DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

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    Kadokawa Has 21 Games in Development, Focusing on Console Releases

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    Trails in the Sky 1st Chapter Reveals New Character And Gameplay Details

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    MSI Claw 8 AI+ A2VM Review – A Powerful Answer to Handheld Gaming

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    Gex Trilogy Launches Digitally This June 16

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    Clair Obscur: Expedition 33 Announces Stendhal Nerf For Maelle In Upcoming Update

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    RAIDOU Remastered: The Mystery of the Soulless Army Shares New Details And DLC

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    DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

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    Kadokawa Has 21 Games in Development, Focusing on Console Releases

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    MSI Claw 8 AI+ A2VM Review – A Powerful Answer to Handheld Gaming

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    Clair Obscur: Expedition 33 Announces Stendhal Nerf For Maelle In Upcoming Update

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      DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

      DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

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      RAIDOU Remastered: The Mystery of the Soulless Army Shares New Details And DLC

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      DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

      DOOM: The Dark Ages Review – Medieval Brutality Reinvents the Slayer’s Legacy

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      Kadokawa Has 21 Games in Development, Focusing on Console Releases

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      Trails in the Sky 1st Chapter Reveals New Character And Gameplay Details

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      MSI Claw 8 AI+ A2VM Review – A Powerful Answer to Handheld Gaming

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      Gex Trilogy Launches Digitally This June 16

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      Clair Obscur: Expedition 33 Announces Stendhal Nerf For Maelle In Upcoming Update

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      RAIDOU Remastered: The Mystery of the Soulless Army Shares New Details And DLC

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      [EXCLUSIVE] The Art of Adaptation: Developer Interview Details the OVERLORD Mobile RPG Lord of Nazarick

      [EXCLUSIVE] Taking Gundam in Bold New Directions – Interview with GQuuuuuuX Director Kazuya Tsurumaki

      [EXCLUSIVE] Taking Gundam in Bold New Directions – Interview with GQuuuuuuX Director Kazuya Tsurumaki

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      Pirates, Possibilities, and Passion – A Like a Dragon: Pirate Yakuza in Hawaii Interview with RGG Studio

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      Tencent & Guillemot Family Reportedly Considering Buyout Of Ubisoft [UPDATE: Ubisoft Responded]

      Bud by Bud
      7 months ago
      in All, Industry, News
      Reading Time: 2 mins read
      0 0
      Tencent & Guillemot Family Reportedly Considering Buyout Of Ubisoft [UPDATE: Ubisoft Responded]

      Image Credit: Tencent (Left) & Ubisoft (Right)

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      [UPDATE 7th Oct 2024]: Ubisoft had responded to the buyout rumour and confirming that it is considering going private. It did so as part of a statement where the company representative also reassures their shareholders that Ubisoft is proceeding with their best interest in mind. Furthermore, an official statement from the developer-publisher regarding this was made public.
      It regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate. The Company reiterates that management is currently focused on executing its strategy, centered on two core verticals – Open World Adventures and GaaS-native experiences.

      The original article as follows:

      Ubisoft had been going through several rough patches lately, specifically the underwhelming sales of Star Wars Outlaws and the decision to postpone the release of Ubisoft’s upcoming Assassin’s Creed Shadows to February 2025 which would probably have had a strong impact on the freefalling of Ubisoft’s shares. According to a Bloomberg report, the Chinese tech giant, Tencent and Ubisoft’s founders, the Guillemot Family have been speaking with advisers to discuss the best course of action in order to stablilise Ubisoft’s plummeting value. One particular possible solution is that they’re reportedly looking into buying out Ubisoft, sending the company into private.
      Image Credit: Ubisoft

      For your information, Guillemot Family-owned, Guillemot Brothers Ltd currently holds just over 20% of voting rights within the French publisher, Ubisoft while Tencent holds 9.2% of it. Furthermore, AJ Investments, a hedge fund with a 1% stake in Ubisoft, has been demanding the resignation of CEO Yves Guillemot. In an open letter, the hedge fund also stated that it has the backing of 10% of Ubisoft’s different shareholders.

      Bloomberg also mentioned that if the buyout goes through with Tencent and Guillemot Family, then “the result of which would presumably be a Ubisoft wholly owned by this partnership.”.  Though, multiple sources had come out and say that nothing is set in stone quite yet as they’re looking for alternative options.

      Moreover, one interesting development to take note regarding this is that according to an article written by TheGamer, they mentioned that “The news of a potential buyout has already bolstered Ubisoft’s share price, which has increased by over 25% in a matter of hours.”. Lastly, Bloomberg reported that representatives for Ubisoft and the Guillemot family were asked regarding all of this but they declined speaking on it. A representative for Tencent however, has not given a response. Regarding more on this, we will keep our eyes on a lookout for any further development so stay tuned.

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      Bud

      Bud

      An intern, with aspirations to leave a mark in the gaming news side of the video game industry. Primarily a PC gamer but grew up playing the Sony consoles from the PS1 all the way to the PS5. Currently on that Monster Hunter World fever in preparation for Wilds and a gacha junkie.

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