Ubisoft, the giant in the gaming world with titles like Assassin’s Creed, Far Cry, and Watch Dogs, has been in the news lately due to financial issues. The France-based studio has struggled to recover from falling stock prices and has not received the expected returns on its recent investments in major games. In fact, some recent reports have claimed that the company is set to be sold to Tencent Games. So, are these claims true? What’s going on at Ubisoft?
Is Ubisoft being sold to Tencent Games?
Ubisoft responded vaguely to the recent claims about a potential sale to Tencent Games. While the French gaming studio did not confirm that it will be sold to the Chinese company, which currently holds about 10% of the shares, it stated, “We regularly review all strategic options in the best interests of our stakeholders and will inform the market as appropriate.”
This latest statement did not surprise the gaming world too much. Reports had previously emerged that the Guillemot family, which founded Ubisoft and owns 49.9% of the company, is exploring ways to eliminate this grim scenario and stabilize the studio.
Ubisoft has been going through quite a tough time in recent months. Here are the latest statements from the company!
The recent blow to Ubisoft came with the delay of Assassin’s Creed Shadows and the underperformance of Star Wars Outlaws, which was launched with high expectations. Following these developments, the company’s shares saw a 19% decline last month. Although it has not been officially announced yet, a potential acquisition announcement in the coming period might not surprise the gaming world too much.
So, what do you think about this issue? Don’t forget to share your opinions with us in the comments section!
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