Corporate machinations
- by Khayl Adam 8m ago
After reports suggested the founding Guillemot family and Chinese publisher Tencent were in talks to take Ubisoft private, Reuters noted a 30% jump in the firm's floundering stock price. It's clear investors have an appetite for such a move, so the French publisher has been forced to comment on recent "press speculation".
In a statement provided to Eurogamer, a spokesperson for the company said: "Ubisoft has noted recent press speculation regarding potential interests around the Company. It regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate. The Company reiterates that management is currently focused on executing its strategy, centred on two core verticals—open-world adventures and GaaS [Games as a Service]-native experiences."
Ubisoft has been attempting to roll with the punches. Still, with Star Wars Outlaws underperforming, Assassin's Creed Shadows delayed into next year, and competing corporate interests, the embattled French publisher could use a win in the not-too-distant future.