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Ubisoft's stock prices initially surged by as much as 6% following the announcement, reaching a high of the SBF 120 index

Video game publisher Ubisoft said that it has regularly reviewed all its strategic options, but declined to comment on a report on buyout interest.

A representative from the firm refused to provide more details when questioned by Reuters about whether the company had received any inquiries from prospective buyers.

The report surfaced last week by Bloomberg News that Ubisoft’s founding family, the Guillemots, and Chinese tech giant Tencent, were looking for a buyout.

Ubisoft Viewed as a Acquisition Prospect Experiencing 50% Decline in Stock Market

France’s largest video games maker has consistently been viewed as an acquisition prospect and has experienced a 50% decline in its stock market in the past 12 months. It has been plagued by delays and the underperformance of some of its key titles.

Ubisoft's Stock Prices Surged by 6%

Ubisoft's stock prices initially surged by as much as 6% following the announcement, reaching a high of the SBF 120 index. The stock price further turned around and fell by 1.8% by 0905 GMT.

Last month, the stock price of Ubisoft declined after experiencing weaker-than-expected quarterly sales.

LSEG data indicates that The Guillemot family and Tencent hold  25% of Ubisoft’s share capital.

The transition ended a challenging time at Ubisoft, characterized by a series of postponements in the release of new video games and shifts in leadership. Ubisoft is the creator of the “Assassin’s Creed”, “Far Cry” and “Watch Dogs” video games