Ubisoft Investor Calls for Leadership Overhaul and Privatization Amid Stock Decline
AJ Investments criticizes Ubisoft's management and strategic direction, proposing significant changes to improve shareholder value.
- Ubisoft's stock has fallen to a near 10-year low, with a 50% decline over the past year.
- AJ Investments, a minority shareholder, demands the company go private or sell to a strategic investor.
- The investor calls for CEO Yves Guillemot to be replaced and suggests cost-cutting measures, including layoffs.
- Recent releases like Star Wars Outlaws and XDefiant have underperformed, contributing to the financial woes.
- Tencent and the Guillemot family are accused of keeping the share price low to buy more shares at a reduced value.