Who tried buying Ubisoft?

Attempted takeover by Vivendi (2015–2018)

Vivendi, in two actions during October 2015, bought shares in Ubisoft stock, giving them a 10.4% stake in Ubisoft, an action that Yves Guillemot considered "unwelcome" and feared a hostile takeover.

Who bought out Ubisoft?

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

Who was trying to buy Ubisoft?

Tencent and the Guillemot family will now control up to 29.9 percent of Ubisoft. Tencent can now buy up to 9.99 percent of Ubisoft shares directly. Tencent cannot increase its stake for eight years, cannot sell its shares for five years, and will give the Guillemot family first dibs if it does sell.

Is Ubisoft looking to be bought?

Ubisoft had a relatively quiet year in 2022. The company is currently in a slump and is rumored to be looking for buyers or mergers. However, things aren't going the French game developer's way. Reports suggest that Ubisoft is looking for a potential acquisition or merger.

Why is Ubisoft in trouble?

Late on Wednesday, Ubisoft said that it was increasing its writedown estimate to 500 million euros ($538 million) from 400 million and cutting its full-year revenue target after ending 2022 with weaker-than-expected sales. Ubisoft cited the deteriorating economy, marked by lower spending on non-essential goods.

What The HELL IS Happening With Ubisoft?

What 3 games did Ubisoft cancel?

The company cited poor performance of its Mario + Rabbids Sparks of Hope and Just Dance 2023 titles, as well as a challenging economic environment. For the full year, Ubisoft said it expects its 2022 net bookings to fall 10%.

Why is Ubisoft going out of business?

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.”

Will Tencent buy Ubisoft?

Tencent will finally not buy Ubisoft but will invest 300 million euros in the company.

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 Microsoft trying to buy Ubisoft?

Microsoft could be acquiring Ubisoft in the coming months, that's at least according to a recent report. If true, this could be huge! Ubisoft is one of the biggest video game companies on the planet. It is the home of franchises such as Assassin's Creed, Far Cry, as well as Rainbow Six, and more.

Does Ubisoft own God of War?

God of War is an action-adventure game developed by Santa Monica Studio and published by Sony Interactive Entertainment.

What is Tencent deal with Ubisoft?

The Chinese tech giant will pay 200 million euros ($198 million) to buy an indirect stake in Ubisoft at an implied value of 80 euros per share, and invest a further 100 million euros in the holding company. The transaction also authorizes Tencent to eventually raise its direct stake to 9.99% from 4.5% currently.

Is Sony going to buy 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.

Did Ubisoft shut down?

Players will lose access to even purchased DLC. 1 September 2022 Ubisoft is suspending online services for 15 older games (2009-2013) to focus resources on supporting and developing newer and more popular games.

Is Ubisoft in financial trouble?

Investors view Ubisoft as a potential takeover target. Its share price sank more than 38% in 2022, wiping off 3 billion euros from the company's market value. In September, Tencent upped its stake in the company in a deal that made the Chinese tech giant Ubisoft's largest shareholder.

Why is Ubisoft toxic?

Ubisoft employees are blaming the company's “toxic culture” for the continued issues around workplace misconduct. The past two years have seen Ubisoft under fire for several allegations of workplace misconduct, many of which have seen several men part ways with the company as a result.

What game did Ubisoft cancel?

Ubisoft has not had the best press lately with the French games giant confirming the cancellation of three unannounced projects, delaying Skull & Bones, and one of its offices calling for strike action over recent remarks made by CEO Yves Guillemot today.

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.

Which country owns Ubisoft?

Ubisoft Entertainment is a French video game publisher and developer currently located in Montreuil-sous-Bois, France. The company is the third-largest independent game publisher in the world, with over 29 studios in 19 countries; the company has subsidiaries in 26 countries.

Is Ubisoft falling?

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

Is Ubisoft a Russian company?

Ubisoft Entertainment SA is a French company specializing in the development and publishing of computer games.

Is Ubisoft removing games from Steam?

And Anno 1800 is actually coming back to Steam after previously having been removed — it's from 2019. But it's no secret that Ubisoft pulled games from Steam to make them exclusive to the Epic Games Store instead, which famously gave publishers millions to attract games to that rival platform.