He found Ubisoft way to solve your problems? According to the latest data, the French publishing house will negotiate with the Chinese one. Tencent create a new company that will include some of Ubisoft’s assets. Bloomberg claims that The goal of both companies is to increase the value of Ubisoft while strengthening Tencent’s position outside of China..
Negotiations are ongoing; final decisions have not yet been made. If an agreement were reached, Tencent may gain more control over some Ubisoft franchiseswhich could bring significant benefits to both companies. The question is what rights will be transferred to the newly created organization. It is assumed that these may be minor brands and various subsidiaries, while the major ones will remain with Ubisoft. Personally, I wouldn’t be surprised if Tencent was able to use Ubisoft content in mobile games in this way.
Ubisoft previously announced that it was working with consultants to find ways to maximize the company’s value. Ubisoft CEO Yves Guillemot said the company is considering various strategies for its future direction, including potential business partnerships.
Ubisoft shares reacted positively to the news, rising on January 15 after a long period of decline. This development comes at a time when the company is facing challenges such as the game’s recent postponement. Assassin’s Creed Shadows from February/February to March/March.
Tencent, which was recently added by the US administration to a list of companies linked to the Chinese military, declined to comment on the reports. Ubisoft referred to its previously announced strategic rethink.
Source :Indian TV
