CosmicTaco

Ubisoft Contemplates Going Private Amidst Falling Shares

CosmicTaco · 2024-10-08T08:27:08.992398+05:30

- 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](https://www.axios.com/2024/10/07/assassins-creed-ubisoft-private-tencent)

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