Ubisoft Appoints "Leading Advisors" To Help The Company “Reshape The Group” For "Stakeholder" Value
The company has appointed advisors to review options.
Following the recent announcement of the closure of the shooter xDefiant, Ubisoft has another announcement. The company shared a Strategic Update on its website announcing that it has “appointed leading advisors to review and pursue various transformational strategic and capitalistic options to extract the best value for stakeholders”.
This move is probably not unexpected, as shareholders have reportedly been discussing buyout options while the Guillemot family hopes to retain control. The family only owns about 15% of the company, but it is presently the largest share. That said, if the other shareholders managed to find someone who wants to buy the bulk of the shares, things could change.
That hasn’t happened, yet, as the newly formed leading advisors are looking to see what options are best. As the announcement states, the company “will inform the market in accordance with applicable regulations if and once a transaction materializes." In the meantime, the company will continue to work on reducing costs.
According to the announcement the company also plans to renew its “focus on gameplay quality and engaging Day-1 experiences” – something they are saying they’re doing with Assassin’s Creed Shadows by giving it an extra month of development time and making use of player feedback. We’ll see how that goes.
Related Articles
- Tencent Just Spent Over $1 Billion To Own 25% Of A New Ubisoft Subsidiary Focused On 3 Key IPs
- Looks Like Ubisoft Could Be Taking Bids On A Separate Gaming Entity Based On Some Of The Company's Core IPs
- Minority Shareholder Accuses Ubisoft Of Not Communicating "Appropriately," Plans Protest Outside HQ
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.
More Stories by QuintLyn BowersDiscussion (1)
Read Next
The two new dungeons require you to have ESO Plus to play them at launch. They won't initially be able to be purchased as DLC.
You May Enjoy
There's actually 3 events awarding Starbloom Coins.
Tip back a pint in either MMORPG.
I can't wait to see what players create with the upcoming tools.
PC release is still on track for sometime this year.
Stocks wont be a thing I'm pretty sure, into the future.
its an old relic of a system which causes this problem time and time again.
And also stocks are wrought with corruption by their volume. if i have more volume you have no say. I rule. whats the point of being a stock holder with no say. its old it will be booted into space. lol