Who is acquiring Ubisoft?

Tencent and the Guillemot family will now control up to 29.9 percent of Ubisoft.

Who bought out Ubisoft?

Another disappointing year, and Ubisoft may be forced to sell out to Tencent completely.

Who's trying to buy Ubisoft?

Tencent is trying to become Ubisoft's single-largest shareholder - overtaking that of the company's founding Guillemot family. That's according to a new Reuters report, which cites a number of sources close to the company with knowledge of ongoing discussions.

Could Ubisoft be acquired?

An uncertain future

Given that Tencent has already displayed strong interest in Ubisoft's portfolio, it's therefore possible that it could acquire the company as it continues its expansion overseas. We listed Tencent as one of the top 50 mobile game makers of 2022. Tags: Acquisition.

Is Ubisoft owned by Tencent?

After the purchase from the Guillemot brothers, Tencent will have an 11.3% total stake in Ubisoft.

IS UBISOFT GOING TO SELL TO MICROSOFT?!

Does China own Ubisoft?

Tencent stepped in to buy some of the Ubisoft shares Vivendi offloaded and the Chinese tech giant ended up owning a 5% stake in the games company. Ubisoft has faced a number of challenges including sexual harassment allegations and a lack of new hit titles.

Why is Ubisoft stock falling?

Ubisoft stocks have plummeted following the news of several cancelled projects and lower than expected sales throughout 2022.

Why is Ubisoft struggling?

For the past few years, Ubisoft has been consistently plagued by internal issues involving alleged misconduct at the highest levels and struggles to grow company sales and live services beyond breadwinners like its “Assassin's Creed” franchise and “Tom Clancy's Rainbow Six Siege.”

Is Sony buying Ubisoft?

Sony could certainly buy Ubisoft, but it seems rather unlikely at this stage. According to anonymous sources speaking with Bloomberg, multiple private equity firms have been studying Ubisoft and considering their options for a potential purchase, but Ubisoft hasn't entered any serious negotiations.

What is happening to Ubisoft?

Ubisoft's Project Q has now been reportedly cancelled. The PvP battle arena game was announced less than a year ago in April 2022. They've already delayed Skull and Bones six times now and the recent comments by CEO Yves Guillemot haven't helped.

Why are people leaving Ubisoft?

Interviews with a dozen current and former Ubisoft developers cite a range of factors for the departures, including low pay, an abundance of competitive opportunities, frustration at the company's creative direction, and unease at Ubisoft's handling of a workplace misconduct scandal that flared in mid-2020.

Is Ubisoft losing money?

Summary. Ubisoft now anticipates an FY 2022 operating loss of approximately €500 million, as compared to a €400 million profit predicted in less than 3 months.

Is Sony buying Square Enix?

Square Enix Commits to Business Consolidation in 2023 as Sony Buyout Rumours Start Again. Square Enix is placing a heavy focus on the consolidation of its business in 2023, according to a newsletter from president Yosuke Matsuda.

When did Tencent buy Ubisoft?

Tencent, which bought its first 5% of Ubisoft for 66 euros per share in 2018, is also providing the Guillemot's holding with a long-term loan to refinance its debt, Ubisoft said.

Is Ubisoft bigger than Activision?

Activision's brand is ranked #157 in the list of Global Top 1000 Brands, as rated by customers of Activision. Their current market cap is $74.02B. Ubisoft's brand is ranked #80 in the list of Global Top 100 Brands, as rated by customers of Ubisoft.

Is Xbox getting Ubisoft?

A new leak suggests that there is more than just a handful of games coming to Ubisoft Plus on Xbox and the list features more than 60 video games titles. If you aren't exactly familiar with Ubisoft Plus, it is just another video game subscription service similar to the Xbox Game Pass, EA Play, and PlayStation Plus.

Will Ubisoft come to PlayStation?

Ubisoft+ Classics is a selection of popular Ubisoft games, including top-selling and beloved franchises, available on PlayStation.

Will Sony lose Activision games?

The acquisition of Activision Blizzard by Microsoft is said to be all but finished, and this could mean that Sony's console will lose the best-selling shooter franchise in the industry.

Is Ubisoft worth investing?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ubisoft Entertainment in the last year. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" UBSFY shares.

Is Ubisoft undervalued?

Of the 51 video game stocks in this index, only six are covered by Morningstar analysts, and all of these were undervalued as of 2 February 2023. The most undervalued video game stock is Ubisoft, an entertainment developer, trading at a 46% discount to Morningstar's fair value estimate.

Are Ubisoft in trouble?

Its share price sank more than 38% in 2022, erasing 3 billion euros from the company's market value. Meanwhile, internal scandals have also haunted the company. Ubisoft underwent an executive shakeup in 2020 following reports of sexual harassment and abuse.

What is Ubisoft next?

Ubisoft NEXT. is an annual competition designed to showcase the talent of video game development students in Ontario and to help kickstart their careers in the industry.