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Following years of troubles, a Ubisoft buyout seems closer than expected. According to a new report by Reuters, Ubisoft and Chinese giant Tencent are in talks for a potential purchase, with the caveat that the developer’s founding family — the Guillemots — will retain a controlling share.
Ubisoft releases statement on possible buyout by Tencent
Reuters sources claim that Ubisoft shareholders are looking into structuring the deal in such a way that the Guillemot family will keep its existing share. The Guillemots have been in talks with both Tencent and “other investors” to find a way forward that would allow Tencent — Ubisoft’s second largest shareholder — to increase its stake.
Tencent reportedly wants more decision-making powers in return for its investment while thwarting attempts of a hostile takeover by other companies. The report states that the company is being “patient” and waiting for the Guillemot family to agree to a deal.
“We remain committed to making decisions in the best interests of all of our stakeholders,” a Ubisoft spokeperson told Reuters. “In this context, as we have already indicated, the Company is also reviewing all its strategic options.”
Following the infamous workplace misconduct allegations that saw a number of Ubisoft executives step away, the developer has been struggling with lackluster game releases and poor sales, resulting in layoffs and studio closures.