Want to be acquired by Tencent?Ubisoft CEO strongly hinted that he was preparing

2025-02-07 02:09:35|Myriagame |source：minecraft skins

Ubisoft once again postponed the release date of Assassin's Creed: Shadow by a month.The news comes as the company is facing financial difficulties, ongoing cost cuts, and rumors that the company may be ready to sell to gaming giant Tencent.During an emergency call today, investors questioned CEO Yves Guillemot and CFO Frederick Duguet and asked them to explain it, but the two responded not to provide much reassuring information.

The call not only announced the news of the game’s delay, but it also seemed to some extent confirm that Ubisoft is preparing for the company for sale, or at least strongly considering the option.

According to the press release, Ubisoft said the company has “appointed multiple chief consultants to review and seek a variety of transformation strategies and capital options to create the best value for shareholders. The process will be supervised by independent members of the board of directors. Once the deal is implemented, Ubisoft willNotify the market in accordance with applicable regulations.”

As early as October, Bloomberg reported that after Ubisoft experienced a series of high-profile failures, game cancellations and stock price plummeted, Ubisoft founder Gilmore family and shareholder Tencent were discussing privatization of the company.At the time, the negotiations were only tentative, Ubisoft told IGN that it would “notify the market in due time.”Today's latest news seems to indicate that such negotiations have made some progress, whether with Tencent or otherwise.

However, it is not clear how exactly progress is going, and Ubisoft shareholders were rightfully hoping to learn more details during today's call.But Gilmore and Duguet are cautious about this.

A representative from Morgan Stanley first asked directly: "The statement is a bit vague about various transformation strategies and capital options. If you don't mind, please explain in detail what you are referring to? In particular, some media reports said, 12The month was discussed in detail with Tencent. Should we understand that now there is some kind of proposal, and the independent board members will review it against other plans? Or is it not what you mean?"

Duguet's answer is:

"The goal of this process is to unlock the maximum value potential of our assets to benefit our stakeholders and create the best conditions to develop excellent games in a rapidly changing market. This is the overall goal, so we mentionedWe have appointed top-notch consultants. So we are currently actively exploring different options and we cannot reveal more than that. Of course, we will not comment on the specific rumors we see in the market, but we believe that UbisoftThere are many potential ways to add value to the assets and IP. If a transaction is completed, we will notify the market at the appropriate time.”

This answer... does not really clarify any questions!The representative of Morgan Stanley obviously felt the same way, and he immediately asked, admitting that Ubisoft would not want to specify specific options, but asked if it could be revealed “whether there are any specific action plans or scenarios under consideration or that it is more likeAn exploratory process?” He further explained that he wanted to know how different the statement was compared to Ubisoft’s past statement about similar explorations.

Duguet's response was brief: "Today we can reveal only a limited amount of information, but we have started a process." Then, as if realizing that this might be interpreted as an overly clear confirmation, he added: "It's the process with the consultant"" "

The other shareholders did not let Ubisoft go.A Barclays representative pointed out to Gilmore and Duguet that Tencent was recently blacklisted by the U.S. Department of Defense, and he wondered if this would prevent Tencent from becoming a major shareholder of Ubisoft.Gilmore declined to comment.A representative consultant of HSBC Bank is currently in "what stage" and when Gilmore will be able to reach some preliminary conclusions.Gilmore said they "have started working" and expected "good progress" in the coming months.

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