The company will acquire part of Ubisoft.
Ubisoft and Chinese Tencent they will have to consider together the possibility of creating a new company, which will subsequently acquire part of the French publisher. For Guillemot, this could be a way out of the crisis without having to give up power over “his” Ubisoft. Bloomberg cites sources familiar with the situation.
Ubisoft has been experiencing financial difficulties for many months, it decided to solve the problems after pressure from shareholders who objected to the too low share price. Most likely outcome for the company Guillemot brothers (owns about 14% of the shares) has long been planning to buy out the rest of the company in cooperation with Tencent (owns about 10% of the shares). The plan undermined Tencent’s demand for more say in publishing.
It is in the new company that Tencent can have a big influence, while Guillemots will retain their position at Ubisoft. The newcomer to the market will then take over the Ubisoft part, which Guillemot Brothers and Tencent will decide together in an unspecified distribution of power.
After repeated assurances that this was the case. XDefiant part of the plans Ubisoft announced the end of support for the game. A week ago, Assassin’s Creed: Shadows was delayed again.
Source :Indian TV
