More

    Ubisoft reportedly in talks to be acquired by private equity firm partnered with the Guillemot family

    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.

    Stay tuned at Final Weapon for the latest gaming news and updates!

    Soul Kiwami
    Raul Ochoa, a.k.a. Soul Kiwami, is the Deputy Editor in Chief of Final Weapon. With a passion for the Japanese gaming industry, Raul is a huge fan of Nintendo Switch, PC hardware, JRPGs and fighting/action games. business email: [email protected]

    Latest articles

    Star Wars Jedi: Survivor announced for PS5, Xbox Series X|S, and PC https://finalweapon.net/2022/05/27/star-wars-jedi-survivor-announced-for-ps5-xbox-series-xs-and-pc/

    Soul Hackers 2 - Daily Ringo's Demon Fortune Video: Cironnup https://finalweapon.net/2022/05/28/soul-hackers-2-daily-ringos-demon-fortune-video-cironnup/

    Koumajou Remilia: Scarlet Symphony details extra easy mode, Suika Ibuki https://finalweapon.net/2022/05/27/koumajou-remilia-scarlet-symphony-details-extra-easy-mode-suika-ibuki/

    Related articles