Tencent and Guillemot Brothers' Dispute Over Control of Ubisoft

Business Drama

09 December 2024 16:54

Ubisoft’s two largest shareholders are in ongoing discussions about a potential buyout that could take the Assassin's Creed publisher private. However, a new report suggests tensions over control of the company following the deal.

Reuters revealed that Guillemot Brothers Ltd, led by Ubisoft co-founder Yves Guillemot and his family, wants to maintain its current level of control over the company after the buyout. In contrast, Tencent is reportedly holding off on increasing its stake in Ubisoft until it is granted more influence over future board decisions.

The negotiations are partly driven by concerns about preventing a hostile takeover of Ubisoft by another investor. Tencent is said to be waiting for the Guillemot family to agree to its terms before moving forward with the buyout, according to Reuters.

More:Former Ubisoft Executives Arrested

The possibility of a buyout first surfaced in October following a series of financial setbacks at Ubisoft, including the disappointing performance of Star Wars Outlaws. A minority shareholder even called for Ubisoft to go private after the company’s share price fell significantly post-launch of the game.

In September, Ubisoft lowered its financial targets for the year, delayed Assassin's Creed Shadows to February 2025, and launched an internal review to address its financial challenges.

Tags: Ubisoft

Share:

Sources:

Report mistake Submit news

Related news

View All

Ubisoft Tencent Deal Confirmed

Ubisoft has finalized Tencent's €1.16 billion investment in Vantage Studios, the division responsible for some of the company's most iconic...

More

Nov 24, 2025

Ubisoft Reveals H1 Earnings

Ubisoft has reported first half earnings that beat expectations and says its €1.16 billion partnership deal with Tencent remains on...

Business

Nov 21, 2025

Ubisoft Apologized for AI Art

Ubisoft has announced that it will remove an AI generated image from its upcoming game Anno 117: Pax Romana after...

Drama

Nov 18, 2025

Ubisoft Is Developing a New Shooter

Rumors are swirling in the gaming community that Ubisoft is working on a brand-new multiplayer shooter. According to multiple gaming...

Business

Nov 12, 2025

RedLynx to Restructure

Ubisoft has unveiled a restructuring proposal for its Helsinki-based RedLynx studio, a move that could lead to significant changes in...

More

Oct 23, 2025

Tencent and Guillemot Brothers' Dispute Over Control of Ubisoft

Business Drama

09 December 2024 16:54

Tags: Ubisoft

Ubisoft’s two largest shareholders are in ongoing discussions about a potential buyout that could take the Assassin's Creed publisher private. However, a new report suggests tensions over control of the company following the deal.

Reuters revealed that Guillemot Brothers Ltd, led by Ubisoft co-founder Yves Guillemot and his family, wants to maintain its current level of control over the company after the buyout. In contrast, Tencent is reportedly holding off on increasing its stake in Ubisoft until it is granted more influence over future board decisions.

The negotiations are partly driven by concerns about preventing a hostile takeover of Ubisoft by another investor. Tencent is said to be waiting for the Guillemot family to agree to its terms before moving forward with the buyout, according to Reuters.

More:Former Ubisoft Executives Arrested

The possibility of a buyout first surfaced in October following a series of financial setbacks at Ubisoft, including the disappointing performance of Star Wars Outlaws. A minority shareholder even called for Ubisoft to go private after the company’s share price fell significantly post-launch of the game.

In September, Ubisoft lowered its financial targets for the year, delayed Assassin's Creed Shadows to February 2025, and launched an internal review to address its financial challenges.

Share:

Sources:

Report mistake Submit news