Ubisoft's founders, the Guillemot Family, and Chinese tech conglomerate Tencent are reportedly interested in 'teaming up' to buy out Ubisoft and take the company private, as reported by Bloomberg.
The Guillemot Family and Tencent have reportedly been speaking to advisers to figure out ways to stabilise Ubisoft; the company's share price has been in freefall over the last year, especially following the reported commercial underperformance of Star Wars Outlaws and the delaying of Assassin's Creed Shadows until early 2025. Over the past year, Ubisoft's share price has fallen over 51%, leaving the company with a market capitalisation of about $1.5 billion.
Tencent currently owns 9.2% of Ubisoft's voting rights, while the Guillemot Family owns 20.5%. AJ Investments, a hedge fund and owner of 1% of Ubisoft's shares, has been calling for the resignation of the company's chief executive officer Yves Guillemot, and also for Ubisoft to take the company private by selling to a private equity firm. The hedge fund claimed in an open letter that it had the support of 10% of Ubisoft's various shareholders.
According to Bloomberg's report, the Guillemot Family and Tencent are considering buying out the rest of Ubisoft's shareholders to take the company private, the...
