Ubisoft Shareholders Reportedly Discussing A Buyout That Keeps The Guillemot Family In Control, While Tencent Wants A Bigger Seat At The Table

Ubisoft, it is safe to say, has not had the best year in 2024. It started strong with Prince of Persia: The Lost Crown, but any momentum that critical darling would’ve started was quickly turned downward as each following release failed to meet expectations, critically and commercially.

Things cascaded to the point where minority shareholders were calling for the Guillemot Family to be ousted from the company they’d piloted since its inception. Not too long after that, a report appeared pointing to the Guillemot’s and Tencent discussing plans to buyout the company and take it private.

Now another report, this time from Reuters, once again points to the buyout, with the Guillemot family retaining control of the company.

But a new point, according to this most recent report, is that Tencent is trying to bargain for more of a say in what goes on at Ubisoft in terms of decisions made by the board, if the Guillemot’s are to retain control.

That sticking point is reportedly part of what is holding the buyout back, as Tencent remains undecided. All Ubisoft had to add to Reuter’s report was “We remain committed to making decisions in the best interests of all of our stakeholders. In this context, as we have already indicated, the Company is also reviewing all its strategic options.”

A statement that is more or less a remix of one it gave back in October, following Bloomberg’s original report.

Source – [Reuters]