Diamond Member Pelican Press 0 Posted October 4, 2024 Diamond Member Share Posted October 4, 2024 This is the hidden content, please Sign In or Sign Up Ubisoft is Stuck Between a Hard Place and a Rock as Tencent Reportedly Looking to Buyout Company There’s no doubt that the last couple of weeks have proven to be quite rough for the French publisher, Ubisoft. The company’s shares fell to an 11-year low, and its much-anticipated projects, such as Star Wars Outlaws, struggled to ship copies, and its biggest franchise, *********’s Creed, has been delayed until the next year. data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==It might be the end of the road for the French-publisher. (Image via Ubisoft) Many gamers thought that it was the end of the line for Ubisoft. However, a new significant change could be coming up at the company sooner than later. Latest reports suggest that the founders of Ubisoft are considering a buyout with none other than Tencent. Ubisoft’s Guillemot Family and Tencent Plan For a Ubisoft Buyout According to This is the hidden content, please Sign In or Sign Up , Ubisoft’s founders, the Guillemot Family, and ******** tech conglomerate Tencent are interested in teaming up to completely buy Ubisoft and take the company private. Currently, Tencent owns about 9.2% of Ubisoft’s voting rights. In comparison, the Guillemot Family has 20.5% shares in AJ Investments, which is a hedge fund and owner of 1% of Ubisoft shares. It has been calling for the resignation of the publisher’s top executives and taking the company on a new path. The hedge fund previously also revealed that it has managed to get the backing of 10% of Ubisoft’s various shareholders. The hedge fund previously also revealed that it has managed to get the backing of 10% of Ubisoft’s various shareholders. Tencent & Guillemot family are reportedly looking at buying out Ubisoft • Multiple games have underperformed in sales this year • Company has lost more than half its market value this year (via This is the hidden content, please Sign In or Sign Up ) This is the hidden content, please Sign In or Sign Up — Culture Crave This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up If Guillemot Family and Tencent do end up buying out the rest of Ubisoft’s shareholders in an attempt to take the publisher private, it will lead to Ubisoft being completely owned by this partnership. It’s worth keeping in mind that these are still early discussions, and it’s still up in the air if Tencent will pursue this route. It’s not shocking to see the French publisher in this state. The company has been a victim of massive failures over the last couple of years, which has led to this situation where the company’s founders and the ******** investor feel the need to address the plummeting value. The news of a possible buyout for the company has already skyrocketed its price, with an increase of over 25% in a matter of hours. Let’s hope *********’s Creed Shadows‘ release in February takes some of this pressure off the publisher’s shoulders. Otherwise, the future isn’t looking too bright for the company. Ubisoft Delays *********’s Creed Shadows to 2025 data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw==*********’s Creed Shadows needs more time to be polished. (Image via Ubisoft) *********’s Creed Shadows was supposed to be the center of attention at the 2024 Tokyo Game Show in a special presentation by the French publisher. However, the presentation was out of nowhere, and the company axed it for no reason. Gamers couldn’t help but wonder what was going on, but everything was clear now. Unfortunately, the *********’s Creed Shadows has been pushed forward to February 14th, 2025, meaning that gamers will have to wait an extra three months to ***** into the action. According to the company, this was a hard decision but a necessary one for the best interest of the title. Not only did the French publisher delay Shadows, but it also revealed that all the existing pre-orders for the game would be refunded. This isn’t uncommon, though it’s quite bizarre for a company to outright refund ore-orders when pushing back a title. It’s going to be quite interesting to witness how *********’s Creed Shadows ends up performing commercially. However, 2025 should also prove to be quite an exciting year for *********’s Creed fans. Alongside Shadows‘ debut in February 2025, the *********’s Creed *****, a mobile game, is also expected to hit shelves at some point next year. With that said, do you think Ubisoft’s buyout by the Guillemot Family and Tencent is the right move? Let us know in the comments below. This is the hidden content, please Sign In or Sign Up #Ubisoft #Stuck #Hard #Place #Rock #Tencent #Reportedly #Buyout #Company This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/142271-ubisoft-is-stuck-between-a-hard-place-and-a-rock-as-tencent-reportedly-looking-to-buyout-company/ Share on other sites More sharing options...
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