Ubisoft responds to rumors about Tencent’s potential buyout
Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.”
The statement follows an earlier report from Bloomberg, which says the Chinese gaming giant Tencent and the Guillemot family, who founded Ubisoft, are looking into ways to “stabilize Ubisoft and bolster its value.” Ubisoft shares plunged 19 percent last month following news that it’s delaying the launch of Assasins’s Creed Shadows and reported lower-than-expected Star Wars Outlaws sales.
One of the options Ubisoft is considering is...