Ubisoft has announced that it has appointed a group of “leading advisors” to assist with exploring company options moving forward. The news comes as part of a special strategic update provided by the company on Thursday.
“Following the strategic and execution reviews initiated by the Executive Committee a few months ago, Ubisoft is taking decisive steps to reshape the Group in order to deliver best-in-class player experiences, enhance operational efficiency and maximize value creation,” the company said via press release shortly before the call took place.
During the call, Ubisoft CEO Yves Guillemot said that this group of advisors will “review and pursue various transformational strategic and capitalistic options to extract the best value for stakeholders.” He didn’t give details as to who these advisors are, but did say that things will be overseen by the independent members of the Board of Directors.
Guillemot says that he’s confident that this decision will “position Ubisoft for a stronger future” in the years to come, and that he’s confident there are “several potential paths” forward for the company.
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As far as more information into what these paths are, Guillemot wouldn’t divulge. He was asked multiple times for more clarification, but said that he couldn’t say more and wouldn’t comment on “specific rumors” that were circulating. He reiterated, however, different options were being explored.
“We are limited in what we can say today,” he said while stating that the process has already been started with the advisors.
One of those potential paths is rumored to be a buyout by Chinese company Tencent. Guillemot was asked specifically about that possibility as well as the company being added to a “Chinese Military Blacklist” by the United States government. Guillemot, once again, declined to comment on either front.
The update regarding the state of the company comes as Ubisoft announced another delay for Assassin’s Creed Shadows. Guilletmot said that the delay was part of the company’s “renewed focus on gameplay quality and engaging Day-1 experiences”.
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