Ubisoft Confirms They Are Considering Selling The Company to Tencent
Oct. 8, 2024Ubisoft Confirms They Are Considering Selling The Company to Tencent
Ubisoftresponds to sale rumors and acknowledges that they are considering the option of becoming a 100% private company, either through a purchase by the Guillemot brothers or by Tencent.
Ubisoft is constantly in the news, generating headlines daily, and its situation has taken a dramatic turn following the release ofStar Wars Outlaws,the game forPS5, Xbox Series X/S, and PC.
However, the stock managed to rise after news leaked that Tencent and the Guillemot brothers were considering buying Ubisoft, a story that has now been officially confirmed.
In a statement to Video Games Chronicle, Ubisoft responded to last week’s reports about a potential sale.
“Ubisoft is aware of recent speculation regarding possible interest in the company,” the statement said. “In this regard, the company regularly evaluates this strategic option and other alternatives.”
In this way, Ubisoft corroborates that the possible sale is one of the options they are considering, always taking into account the shareholders’ interests, but without being able to confirm anything definitively at the moment.
“At this time, Ubisoft is focusing on its two-pronged strategy: open-world adventures and Games as a Service experiences,” the statement concluded.
It’s understandable that Ubisoft wouldn’t want to say either “yes” or “no” yet. A potential acquisition is a delicate operation that could fall apart due to sensitive or unwanted information being released.
Additionally, it would represent a complex shift: if Ubisoft were to become a private company, it would have to forgo public funding, such as the subsidies its Singapore division received during the costly development ofSkull & Bones.
Alongside increasingly impatient shareholders, the facts seem to support the potential sale: after the rumors surfaced, Ubisoft’s shares rose by 30% in just a few hours.
The acquisition process is also intricate, with two opposing candidates. First is the Chinese giant Tencent, the most interested party and current owner of 10% of Ubisoft.
On the other hand are the Guillemot brothers, current managers of Ubisoft but also minority shareholders. A purchase would guarantee them full control and free them from interference from other partners.
What is clear is that new details will soon emerge from a Ubisoft that is in the spotlight, with the most recent incident involving the company’s head calling users “indecent humans.”
For more Fextralife news, be sure to check outUbisoft Could Be Acquired by Tencentand alsoDiablo 4 Expansion Global Launch Times Revealed
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