According To Reports, Tencent And The Guillemot Family May Be Taking Ubisoft Private In Order To Save It
The company is worth less than half what it was...according to share price, at least.
Things have not been great for Ubisoft. For the first time in almost eleven years, the game publisher’s share price has dropped to its lowest point, with the company losing over half its market value. Considering the performance of some of its bigger titles, this isn’t exactly surprising. Surprising or not, it doesn’t change the fact that it’s not good.
In fact, it’s bad enough that a minority investor urged management to take the company private or sell it. Now, a report from Bloomberg indicates that primary owner Guillemot Brothers Ltd and Tencent, who owns 10% of the company, may be considering just that.
It should be noted that these are not the only options being considered as both companies have been speaking to advisors in search of ways to stabilize the company. Considering Tencent’s history, it wouldn’t be surprising if, at the end of the day, the Chinese conglomerate opted to buy the company outright. At which point, we’d be left to wonder if they’d be as hands-off with Ubisoft as they have been with other companies.
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About the Author
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various gaming sites a little over ten years ago and has taken on various roles in the games community.
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