As someone who has been following Ubisoft‘s journey for years, it’s quite intriguing to see the recent turn of events unfold. The stock market losses and the investor-led investigation are a clear sign that even giants can stumble sometimes. It seems like the company’s recent releases have not met the mark, which is disappointing given their past successes.
Support for the idea of a Ubisoft shareholder advocating for the company’s sale has garnered 10% approval from its investors.
According to Reuters, AJ Investments, the same hedge fund that wants Yves Guillemot removed as Ubisoft CEO, controls less than 1% of the French gaming company’s shares. Remarkably, this small stake has garnered the support of about 10% of the firm’s shareholders. The group is advocating for the sale of the company to external investors or private equity firms, aiming for a reasonable purchase price.
The ongoing chaos at Ubisoft has led to substantial stock market losses not just yesterday, but for several months prior. Although the company has recouped some of these losses, its share price remains approximately 18% lower than it was on September 25. This financial decline has stirred dissatisfaction among investors, compelling them to initiate an investigation aimed at enhancing Ubisoft’s operational efficiency.
It was noted before that the publisher’s predicament stems from the underwhelming sales of their recent game releases. So far, Ubisoft hasn’t faced a flop as severe as Concord, but there have been titles that left players questioning the company’s direction. For instance, it’s challenging to find a game from the past few years that Ubisoft can truly be proud of without adding a “but.” Games like Skull and Bones, XDefiant, Assassin’s Creed: Mirage, Avatar: Frontiers of Pandora, and Star Wars: Outlaws haven’t been blockbusters worthy of a publishing giant such as Ubisoft.
Neither members of the Guillemot clan nor Tencent (the two dominant stakeholders in the business) remained silent about this data. On the other hand, officials from AJ Investments have declared that they plan to meet with Ubisoft’s leadership on the following Tuesday.
- Ubisoft Faces Heavy Stock Market Losses After AC: Shadows Delay and Investor Investigation
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2024-09-27 16:01