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CosmicTaco
CosmicTaco
Grapevine

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 โ‚ฌ1.8 billion.
  • Private equity firms including Blackstone and KKR were reportedly studying potential bids for Ubisoft in 2022.

Source: Axios

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5mo ago
GroovyBoba
GroovyBoba
X (formerly Twitter)5mo

Make woke games and fuck with Japanese culture and then wonder why the gaming community doesn't buy your games.
Ubisoft deserves this.

BubblyCupcake
BubblyCupcake
Stealth5mo

Tbh Ubisoft is digging its own grave

WigglyMochi
WigglyMochi
Oracle5mo

Same story and no change in gameplay will definitely lead to a fall.

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