Following rumors of acquisition interest into Ubisoft, it appears that the Guillemot family is reportedly partnering with a private equity firm to acquire the company. This partnership is ongoing in efforts to combat possible hostile takeovers (Thanks, SeekingAlpha).
Ubisoft stock rose by 10% following the recent reports about the Guillemot family’s plans. The founding family wants to maintain control over the company through the private equity firm. Currently, the family owns 15.9% of company shares and 22.3% of net voting shares.
Former employees and senior developers expressed concern over a potential acquisition of Ubisoft. The company was auditted by an outside consultancy firm, indicating the possibility of a private equity firm looking to buy.
A number of factors such as game production issues and lack of leadership direction led to the current situation. Recently, development of the Prince of Persia: The Sands of Time remake shifted over to Ubisoft Montréal as production troubles continue.
With the Guillemot family looking to maintain control amist the company’s constant controversy, it will be interesting to see what unfolds next. Firms eager to step in will be monitoring the situation closely for the weeks and months to come.
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