A major change could be coming at Ubisoft sooner rather than later. According to a new report from Bloomberg, the founders of Ubisoft, the Guillemot family, are considering a buyout from Tencent.
The discussions come after what’s been the most tumultuous year in the company’s history. Ubisoft has seen its shares fall to 11-year lows, games like Star Wars Outlaws have struggled to sell, and its biggest franchise, Assassin’s Creed, has seen its next game delayed into 2025.
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“The Chinese tech company and Guillemot Brothers Ltd. have been speaking with advisers to help explore ways to stabilize Ubisoft and bolster its value,” the Bloomberg report states.
It’s said that one of the options on the table would involve taking the company private. That said, talks are “at an early stage” with no certainty that an agreement will be reached.
“Tencent and the Guillemot family are also considering other alternatives,” sources told Bloomberg.
READ MORE: Ubisoft Workers Encouraged To Strike Over Return To Office Mandate
The idea of Ubisoft going private isn’t new. Recently, there’s been a major push from smaller investors to do just that. It’s even gotten support from at least 10% of the company’s shareholders.
Tencent currently owns 10% of Ubisoft, the company founded by the Guillemot family in 1986. CEO Yves Guillemot has been in his position since 1988, but, as part of the aforementioned push for a sale by investors, has seen requests for his removal.
Neither Ubisoft nor Tencent have commented publicly on this report.
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