Ubisoft reportedly targeted for takeover
2022-04-27![Ubisoft reportedly targeted for takeover Ubisoft reportedly targeted for takeover](https://varindia.com/storage/news/uploads/2018/02/62691f9dd504b.jpg)
Assassin's Creed creator Ubisoft is reportedly being studied by private equity firms with preliminary takeover interests. Several companies, including Blackstone and KKR & Co., are considering a takeover.
CEO Yves Guillemot said that Ubisoft is open to reviewing any offers to buy the publisher but confirmed nothing about being approached by potential buyers. It is currently uncertain if it will, or if the firms will pursue a takeover at all.
Yves Guillemot owns a 15% stake in the Assassin’s Creed and Far Cry publisher. In the past year, Ubisoft’s stock has fallen roughly 41%, bringing its overall market value down to about $5.2 billion. It is said that deliberations are at an early stage, and there’s no certainty any of the suitors will proceed with offers.
Ubisoft could attempt to repel a potential acquisition like it did in 2018 when it avoided a Vivendi takeover. The company said that it has built a strong portfolio and is positioned “to capitalize on emerging opportunities amid rapid growth in the industry.” Ubisoft’s stock has risen by 11% due to the recent acquisition interest.
Ubisoft is having a huge number of in-development projects ranging from free to play games to mobile games (The Division Mobile, Rainbow Six Mobile, Assassin's Creed Mobile), VR games (Assassin's Creed VR, Splinter Cell VR) and many premium games. There are many unannounced but rumored game projects such as Assassin's Creed Rift, a sequel to Immortals: Fenyx Rising, a new 2.5D Prince of Persia game in development at Ubisoft Montpellier, and The Crew 3.
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