I’m considering buying out a pizza
A reportby Bloombergcited “people familiar with the matter,” saying Tencent and Guillemot Brothers Ltd were considering their options. Both parties are currently minority shareholders of Ubisoft, with Tencent controlling around 9% of shares and the Guillemots owning around 20.5%.
Other minority shareholders have beenspeaking out against the Guillemots' leadership of the company in recent months, pushing for the board to “take Ubisoft private or allow it to sell to strategic investor”.
Shareholders' frustrations had been growing for some time, but peaked following the"softer than expected" performance of Star Wars Outlaws. Ubisoft took the unusual decision in its wake to delay Assassin’s Creed Shadows, their tentpole release in Q4, despite the game being ready to ship, in favour of adding new features and story quests designed to bolster its reception when it now launches next February.
Ubisoft’s shares rose around 33% in the wake of Bloomberg News' report of the buyout being considered.
