The founding family of Ubisoft, Gulliemot, and shareholder Tencent are considering making the company private. The decision is made to stabilize the company amid flop releases and collapsing market share.&nbsp;
Ubisoft shares fell 54% this year. According to <a href="https://www.bloomberg.com/news/articles/2024-10-04/tencent-guillemot-family-are-said-to-consider-buyout-of-ubisoft?srnd=undefined&amp;leadSource=uverify%20wall" rel="noopener noreferrer nofollow" target="_blank">Bloomberg</a>, Ubisoft founders are considering more options to save the company losses other than the buyout itself.
Moreover, the total shares held by Ubisoft’s founder Guillemot are just over 20%, while Tencent owns only 9% of the company’s shares.
&nbsp;

Ubisoft founders reportedly taking bold measures to stabilize the company

Cryptopolitan_News

Other articles published on Oct 4, 2024

Treasure DAO Announces New Testnet 'Topaz' in Migration to ZKsync

SuiNS Governance Voting and Rewards Explained

El Salvador’s Bitcoin Strategy Faces IMF Scrutiny

South African regulator raids Starsat office, removes broadcasting equipment

3 Web3 Projects Poised to Thrive in Q4 and Beyond: PEPE, SHIB, ADA

BinStarter Partners with Akarun: A Unique Blend of Competitive Running and Crypto Rewards

Join our free newsletter for daily crypto updates!