Publisher of Assassin’s Creed, Far Cry and The Division may be owned in the future Tencent. The Chinese multinational equity holding company will seek a solution to stabilize the company together with the Guillemot family (founders of Ubisoft).
One possibility is that Tencent and Guillemot Brothers Ltd join forces for a takeover. Ubisoft. Now everyone owns a minority stake. This way they will have Ubisoft in their hands and can make the necessary changes. Yves Guillemot is the CEO of Ubisoft.
But negotiations should only be at the very beginning. Other alternatives should be considered in collaboration with consultants. Bloomberg learned about this from anonymous sources.
Ubisoft has had problems in recent years, its games don’t sell well (most recently Star Wars Outlaw). As a result, Ubisoft shares fell to a ten-year low. This year alone, the French company has lost more than half its market value..
Ubisoft recently postponed Assassin’s Creed Shadows from November/November this year to February/February 2025. The developers were given more time to fine-tune the game and prevent the same bugs and problems as in the action-adventure Star Wars Outlaws.
Tencent wholly owns Funcom, Riot Games or Sumo Digital and has a majority stake in Turtle Rock Studios, Techland, Fulqrum Publishing, Klei Entertainment, Tequila Works, Yager Development or Fatshark. Further, he also has shares in FromSoftware (16.25%), Krafton (13.6%), Frontier Developments (6.86%), Paradox Interactive (5%), Shift Up (20%), Bloober Team (22 %), Epic Games (40%). %), Don’t Nod (40.4%) or Bohemia Interactive (minority share). Tencent has doubled its investment in Remedy this year. He received voting rights in the Finnish studio.
Source :Indian TV
