Ubisoft: Report Indicates Buyout by Founding Family and Tencent
– 1 min read
Will Ubisoft soon be leaving the stock exchange? According to a media report, the founding family Guillemot and shareholder Tencent are considering a takeover that could result in a delisting.
Nothing is official yet, and the sources on which the latest report by the US news portal Bloomberg is based wish to remain anonymous. However, Bloomberg is known for being close to the company and the options mentioned in the report are anything but outlandish. According to the report, representatives of Ubisoft's founding family holding company, Guillemot Brothers Ltd., met with representatives of Tencent to discuss ways to stabilise the company, which has hit the headlines. Sales below expectations and delays had put the Ubisoft share under massive pressure in the last few days and weeks.
According to Bloomberg, a joint takeover was also discussed at the meeting, which could result in a delisting of Ubisoft from the stock exchange. Minority shareholders had also previously floated the idea of a delisting or a takeover. The stock market reacted positively to the report, with Ubisoft's share price skyrocketing by over 30 per cent at its peak.
Written by
Stephan Steininger is Director of Operations and Editor-in-Chief of GamesMarket. As part of the magazine since its inception in 2001, he knows the GSA games industry by heart.
