A company that serves as a "significant minority shareholder" in Ubisoft has called for major structural and strategic change at the studio and has expressed "deep dissatisfaction" with Ubisoft's current direction.
In an open letter to Ubisoft's board of directors, which CCs CEO Yves Guillemot and stakeholder Tencent, investment company AJ Investments criticizes Ubisoft's "current performance and strategic direction".
AJ Investments says Ubisoft's recent quarterly results, which saw upcoming releases The Division Resurgence and Rainbow Six Mobile pushed back beyond March next year, have "heightened" its concerns about management's ability to deliver results for shareholders.
The investor sets out four proposals to "increase [the] value of Ubisoft for all stakeholders". They include allowing Ubisoft to go private, selling the company, changing current management and ousting Guillemot as CEO, or starting a "proxy fight" via French minority law.
As for its reasoning, AJ Investors says that Ubisoft is being "mismanaged", and that shareholders are currently "hostages of Guillemot family members and Tencent who take advantages of them".
The company goes on to say that it "cannot understand" Ubisoft's management strategy, and that the studio seems more focused on "pleasing investors" rather than providing an "exceptional experience" for its fans.
AJ Investors...
