Ubisoft Could Be Acquired by Tencent
Oct. 4, 2024Ubisoft Could Be Acquired by Tencent
Sources close to Ubisoft and Tencent suggest that both video game companies are exploring an acquisition deal following a drop in the stock market for the creators of Assassin’s Creed, Star Wars Outlaws, and other titles.
A new article published by Bloomberg reveals that Ubisoft and Tencent are negotiating an acquisition agreement.
This news comes after the French video game company, responsible for popular franchises like Assassin’s Creed and Far Cry, saw a significant decline in its stock value due to launches that fell short of expectations, such as Star Wars Outlaws, XDefiant, and Skull and Bones.
The information comes from “people familiar with the matter,” indicating that the subject is not yet ready to be publicly disclosed. In fact, neither Ubisoft nor Tencent has made any comments regarding the publication.
According to these sources, Ubisoft and Tencent have consulted advisors on ways to stabilize Ubisoft’s delicate situation. One option being considered by the advisors is an acquisition of Ubisoft by Tencent.
However, it seems too early to confirm a possible purchase at this stage—it’s an ongoing process in its early phases, and other joint options are being considered to help Ubisoft recover.
It’s worth noting that rumors of a possible Ubisoft acquisition by Tencent have been circulating for a long time; in fact, the Chinese giant already holds a 10% stake in the French developer. In the past, the Guillemot family (with Yves Guillemot, Ubisoft’s CEO, at the helm) expressed opposition to selling their shares to avoid losing ownership of the company.
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