Ubisoft has been experiencing significant internal strife recently. Not long ago, employees came together to organize a strike, expressing strong opposition to the company’s mandatory requirement to work in the office three days a week. Amid this wave of protests, shareholders have now also joined the fray.
Following the recent delay of Assassin’s Creed Shadows and the lower-than-expected sales of Star Wars Outlaws, Ubisoft is facing major challenges and could soon change hands. According to reports, an investor within the company is attempting to persuade other shareholders to vote in favor of selling Ubisoft. Here are the details…
10% of Ubisoft Shareholders Support a Sale
This uprising within the company is currently being led by AJ Investments, which owns less than 1% of the French publisher’s shares. The rebellious investor stated, “We are calling on Ubisoft’s management to allow the company to be sold to third parties or private equity firms at a fair price.” However, AJ Investments has yet to reveal the identities of those supporting this initiative.
In early September, AJ Investments gained attention when it demanded that the Guillemot family reassess how Ubisoft is being managed. At the time, the investor expressed dissatisfaction with the publisher’s operations and strategic vision.
The pressure has only intensified in recent weeks due to Ubisoft’s consistently falling stock prices. Following the announcement of Assassin’s Creed Shadows being delayed, the company’s stock plummeted by 20%. This has raised concerns that the company no longer has any major releases lined up for late 2024.
In response, the French publisher announced that it would be launching an internal investigation to determine why its games have taken so long to release and why they haven’t achieved success. Allegedly, the reasons range from an inefficient management structure to the severe cutbacks that have impacted teams in recent years.
What are your thoughts on this situation?
