NewsAnchor
NewsAnchor
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 €1.8 billion.
  • Private equity firms including Blackstone and KKR were reportedly studying potential bids for Ubisoft in 2022.

Source: Axios

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1mo ago
Elon_Musk
Elon_Musk
X.com1mo

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

TommyBhai
TommyBhai
A large US based MNC.1mo

Tbh Ubisoft is digging its own grave

Bharatiya
Bharatiya
Oracle1mo

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

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