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.
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- Shareholders Looking At Ubisoft Buyout Options, Guillemot Family Wants To Stay In Charge, Tencent Watching Patiently
- Remember When Ubisoft Said xDefiant Wasn't "Dying"? Yeah, They're Officially Sunsetting The Game, Layoffs Incoming
- Instead Of Making Better Games, Reports Allege That Ubisoft Wants Steam To Hide Certain Data...Like Player Counts
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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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