Ubisoft acknowledged the validity of a press report claiming that the Guillemot family, the founders, are considering turning the company into a private entity with Tencent.
A report by Bloomberg states that the Chinese conglomerate – already owning about 10% of Ubisoft – and Guillemot Brothers Ltd were in talks with advisors to explore ways to stabilize the French company. It is alleged that one of the possibilities discussed involves collaborating to turn Ubisoft into a private company, although the talks are said to be in early stage, and there is no certainty that they will lead to actual action.
It is alleged that one of the possibilities discussed involves collaborating to turn Ubisoft into a private company, although the talks are said to be in early stage, andThe report caused Ubisoft’s stock price to rise by about 40% compared to the previous week, and in a statement released by VGC, the company said it “regularly reviews all its strategic options”.
A spokesperson for the company stated: “Ubisoft has noticed recent journalistic speculations about potential interests in the company, it regularly reviews all its strategic options and will inform the market when and if it deems appropriate”.
The company confirms that management is currently focusing on implementing its strategy, which focuses on two core elements, open world adventures and original GaaS experiences (Games as a Service).”