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