French game company Ubisofthas been in a financial bottleneck lately. In this context, the company took some important strategic decisions to survive the financial crisis; such as postponing or suspending a few of their games. Last week, there were rumors that Ubisoft would be acquired by Tencent and Ubisoft responds to acquisition allegations. The company announced that it is evaluating options. Here are the details…
Ubisoft Responds to Acquisition Allegations
It is known that Ubisoft, a French-based game company, has been in economic difficulties for a while. Far Cry, Assassin’s CreedUbisoft, the producer of games such as Watch Dogs, is looking for ways to get rid of financial difficulties. In this context, the video game company postponed Assassin’s Creed Shadows, a project it trusted very much. From Star Wars Outlaws He did not achieve the success he expected. Following these, news emerged last week that the company would be acquired.
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In the report regarding the acquisition of Ubisoft, it was stated that Chinese technology giant Tencent wanted to acquire the company. Thus Ubisoft confirmed the report and announced that he was reviewing the options, but would not make any further statement on this issue for now.
guillemot family Founded by Ubisoft, it is a giant game company that currently has game studios in 28 countries. Ubisoft, which has its signature on the most popular games of the gaming world, said: “The company regularly reviews all its strategic options in line with the interests of its stakeholders and will inform the market if appropriate.” He made a statement.
Ubisoft Share Price Increased
As Ubisoft fell into economic difficulties, the company’s shares lost great value. In this context, last September, the company’s shares lowest price in the last 11 years saw. After rumors about the acquisition of the company by Tencent, Ubisoft share price an increase of approximately 40 percent showed. The market welcomed the possibility of this agreement quite positively.
Nearly 25 percent of the Ubisoft gaming company belongs to the Guillemot family and Tencent. in 2022 Guillemot Brothers Ltd. It sold approximately half of its shares to Tencent. After this agreement, Tencent’s share increased to 10 percent.
Ubisoft One of the options he said we are evaluating the options; regarding the transfer of the company to the private sector. However, negotiations on this issue can be said to be at a very early stage. The purpose of the talks in question is to increase the value of the company (which has lost a lot of value recently).market value has fallen by almost half) is said to increase its value and reflect the perception of steady progress in the market.
Although there are very short statements from the company for now, it can be said that Ubsioft is moving in a positive direction. As a result, as reported in the news, the company may be purchased by Tencent.