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Rumors about Tencent planning to buyout Ubisoft has skyrocketed Ubisoft’s shares. As per the leak, Guillemot Brothers Limited and Tencent are considering options which might save Ubisoft from a financial slowdown. In 2023, Ubisoft’s financial report revealed that the company faced a significant operating loss.
On top of this, a lot of Ubisoft employees were also affected by the wave of layoffs. It’s no secret that the gaming industry isn’t exactly doing well, but Asian giants like Krafton and Tencent have stepped in to save the day.
The Value Of Ubisoft’s Shares Signficantly Increased After Tencent Buyout Rumors Went Viral
As perBloomberg, Guillemot Brothers Limited, a shareholder of Ubisoft, along with Tencent are considering options including a potential buyout of Ubisoft. As these rumors went viral, Ubisoft’s shares surged over 30%, setting the biggest one-day jump record. The company lost more than half its market value this year. The report also claims that these giants are also planning to team up to take the company private.
Rainbow 6’s Team Suffering A Huge Blow Might Just Leave Ubisoft’s Last House Of Cards Crumbling Down
Right now, Guillemot Brothers Limited owns 15% of the firm, followed by Chinese gaming giant Tencent which owns just under 10%. This move will significantly boost Ubisoft, which has been struggling to keep up with the competition. The video game publisher has been suffering from various setbacks, includingthe sudden delayof its highly anticipated game,Assassin’s Creed Shadows.
Ubisoft Faced An Operating Loss Of Roughly $550 Million In 2023
Reutersreported in 2023 that Ubisoft suffered a full-year non-IFRS operating loss of €500.2 million ($550.6 million), which was majorly due to game cancellations and delays. Tencent and Guillemot Brothers Limited to stabilize and boost Ubisoft, so if this report turns out to be true, it will be a good decision for Ubisoft.
The Studio Behind Stray Imploded Because Of The Same Issues Ubisoft Is Going Through: Is Assassin’s Creed Even On The Table Anymore?
Ubisoft recently invested a lot of its funds in developing theCall of Duty-killer,XDefiant. The game is just another example of Ubisoft’s poor strategy asXDefianthad a good start, but soonit lost most of its fanbase. Even Ubisoft’s 2024 game,Star Wars Outlaws, failed to meet the sales expectations, proving to be another financial setback for the company.
Guillemot Brothers Ltd, Ubisoft’s founders, along with Tencent can save Ubisoft from dissolving with this decision. Even Krafton recently stepped in to save Tango Gameworks after Microsoft announced its shut down. The South Korean giant was eager to save the studio and wanted it to continue the development ofHi-Fi Rush 2.
Do you think making Ubisoft a private firm would solve the problem? Share your views in the comments!
Farhan Asif
Articles Published :1696
Farhan Asif is a gaming writer at FandomWire who specializes in video games/franchises like Helldivers 2, GTA, and Call of Duty. Apart from 1600+ published articles for FandomWire, he has also written more than 750 articles for AnimatedTimes. He has a passion for coding and is pursuing a degree in computer science. During his free time, Farhan loves to play video games and hopes to create a video game of his own one day.
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