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Ubisoft Contemplates Going Private Amidst Falling Shares
- Chinese tech giant Tencent and Ubisoft's founding Guillemot family are considering a take-private buyout of Ubisoft.
- The French video game maker's shares have plummeted over 40% this year.
- Ubisoft has been facing criticism for its latest Assassin's Creed game being too 'woke', affecting its reputation and sales.
- Prior to the take-private news, Ubisoft shares had fallen over 50% this year, raising its market cap to around €1.8 billion.
- Private equity firms including Blackstone and KKR were reportedly studying potential bids for Ubisoft in 2022.
Source: Axios

5mo ago
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