Following reports last week that the Guillemot family, founders of Ubisoft, are in talks with Tencent to buy out the company and delist it from the stock market, Ubisoft has released a statement. This comes after Ubisoft’s stock price dropped more than 40% since the beginning of the year.
Ubisoft stated that the company is evaluating strategic options for the benefit of shareholders and will notify the market when appropriate details are available. Currently, the company confirms that management remains focused on developing games in two main directions: Open World Adventures and Game as a Service (GaaS) as previously announced.
TLDR: Ubisoft is exploring strategic options after reports of the Guillemot family teaming up with Tencent to buy out the company and delist it from the stock market. Management remains focused on developing games in Open World Adventures and Game as a Service (GaaS) categories.
Leave a Comment