This is one of the options proposed by shareholders.
Family Guillemots is considering the possibility of buying back all shares Ubisoft. The Chinese giant will participate in the deal Tencentwho is already involved in the company and, above all, is a major shareholder of Guillemot Brothers. The move will satisfy disgruntled investors who have been publicly pressuring management. Information from familiar sources was provided by Bloomberg.
Tencent currently owns just under 10% of Ubisoft and 49.9% of Guillemot Brothers. Guillemots own about 15% of Ubisoft. A buyout of the rest of Ubisoft was proposed in September by investors led by AJ Investments and partners. In their opinion, this would be one of the possible responses to the rapidly falling stock price.
On today’s news, the share price rose 30% to just under €14, but has more than halved in the last year. According to shareholders, it should exceed the value of 40 euros.
This is just one of the solutions considered. Others could be a change in management or an agreement with a strategic investor. In any case, the current management is aware of the problems, and the change in the game’s release strategy reflects them. Now they’ll head straight to Steam, with the delayed Early Access plan canceled in the case of the delayed Assassin’s Creed Shadows.
Source :Indian TV
