A recently released document could offer new insights into the potential collaboration between Ubisoft and Tencent; meanwhile, Ubisoft’s financial standing appears to be dwindling, leading them to seek viable solutions.
According to Bloomberg’s sources, both Ubisoft and Tencent are exploring the possibility of establishing a joint venture, potentially involving some of Ubisoft’s assets. The main goal is to enhance the company’s worth. Currently, the two companies are assessing which assets would be suitable for this new endeavor and determining their respective values.
If an agreement is reached, Tencent may secure greater influence over certain Ubisoft game series, according to the report. Moreover, it’s mentioned that Tencent stands to enhance its own performance in regions beyond China by being involved with these franchises.
According to reports from Bloomberg, no definitive decisions have been made yet, and talks continue between parties. This development isn’t unexpected, as Ubisoft announced on January 9 that they had brought in advisors to explore various strategies for boosting the company’s value, which could involve several potential business moves. In a recent call, however, Ubisoft chose not to discuss the rumored discussions with Tencent, which have been ongoing for quite some time.
When contacted by Bloomberg, a representative from Tencent opted not to provide a statement, whereas a spokesperson for Ubisoft referred to their announcement made on January 9th.
As a devoted fan, I’m excited about the various avenues Yves Guillemot, Ubisoft’s CEO, envisions for our beloved company and its iconic franchises. It seems that he’s exploring multiple strategies to optimize shareholder value – even speculation about potential partnerships with giants like Tencent has surfaced in the past. The future of Ubisoft is shaping up to be quite intriguing!
During the phone conversation, Ubisoft chose not to address the rumor about them possibly being sold to Tencent. However, they did mention that they are considering various possibilities. They further stated, “Unfortunately, we cannot reveal any additional information at this time.
On January 15th, Ubisoft’s stock prices surged in response to a positive report published by Bloomberg. Previously, the company had experienced a series of continuous drops. Notably, Ubisoft has postponed the release of its highly anticipated game, Assassin’s Creed Shadows, to March.
According to recent developments, the Biden administration has included Tencent in a group of businesses linked to China’s military. However, Tencent has disputed this move by the US government, asserting that they have been mistakenly identified. They have maintained that they are neither a military company nor a supplier for the Chinese government.
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2025-01-15 17:09