According to Bloomberg, the Guillemot siblings, who founded the company, along with Tencent, are interested in buying all of Ubisoft’s shares to exit the stock market. The price of Ubisoft’s stock has dropped significantly recently (down 40% compared to the beginning of the year), making it more cost-effective for the Guillemot + Tencent group, who currently hold some shares (20.5% + 9.2%), to buy back shares from other minority shareholders.
Bloomberg reports that the status of the buyback plan is still in its early stages, and these shareholders may choose another path. However, the stock market has responded positively to these rumors, causing Ubisoft’s stock to rebound by 33%.
Founded in 1986 by the Guillemot siblings, a group of five individuals who initially sold CDs, software, and video games before expanding into game development themselves and registering the company as Ubi Soft (short for ubiquitous software). Yves Guillemot, the current CEO of Ubisoft, is the youngest sibling in the group.
TLDR: Bloomberg reports that the Guillemot siblings and Tencent are considering buying all of Ubisoft’s shares to exit the stock market, with Ubisoft’s stock price dropping significantly recently.
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