Particle.news

Download on the App Store

Ubisoft Considers Strategic Options Amid Tencent Buyout Speculation

The French game publisher faces financial struggles and potential privatization talks as its stock value plummets.

Overview

  • Ubisoft's stock surged by 33% after reports of potential buyout discussions with Tencent and the Guillemot family.
  • The company's shares had previously hit a 10-year low, losing over half their market value this year.
  • Key game releases like 'Assassin's Creed Shadows' and 'Star Wars Outlaws' have underperformed, contributing to financial woes.
  • Ubisoft has not confirmed any deal but stated it regularly reviews strategic options for its stakeholders.
  • Tencent currently holds a 10% stake in Ubisoft, with ongoing discussions about possibly taking the company private.

Loading Articles...

Loading Quotes...