‘Assassin's Creed' Maker Ubisoft Acknowledges M&A Chatter After Report Of Tencent Overture [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
Company Research
Source: Yahoo! Finance
Bloomberg News reported last week that the Guillemot family, which founded Ubisoft in 1986, was in talks with Tencent about a potential buyout. The parties reached a deal in 2022 that saw the Chinese tech giant gain a significant holding in the game maker. More from Deadline “Ubisoft has noted recent press speculation regarding potential interests around the Company,” Ubisoft said in a statement. “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, centered on two core verticals – Open World Adventures and GaaS-native experiences.” Asked by several media outlets to clarify whether it had participated in discussions, Ubisoft declined to comment. While the video game sector overall continues to thrive, Ubisoft has hit a rough patch. The company drew an underwhelming response to its release of Star Wars Outlaws
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News
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- Ubisoft buyout talks are reportedly progressing, but there's one small hitch: The Guillemot family wants to stay in charge, but Tencent isn't so sure about that [Yahoo! Finance]Yahoo! Finance