Amid rumors of a sale to Chinese IT giant Tencent, French publisher Ubisoft announced the appointment of leading consultants to study “transformational strategic and financial options in the interests of shareholders”.
Image source: Steam (Kazamanagato)
According to Ubisoft CEO Yves Guillemot, the company “is actively exploring various strategic and capital options to unlock the full potential of our assets”.
Ubisoft CFO Frederick Duguet refused to explain to shareholders what kind of transformation options he had in mind, but promised that the company “will inform the market when and if the transaction will take place”.
Image source: Ubisoft
“We have taken decisive steps to transform the Company to deliver best-in-class gaming experiences, improve operational efficiency and maximize value creation.”Guillemot said.
As part of the initiative, Ubisoft for the second time postponed the release of the pseudo-historical open-world action film Assassin’s Creed Shadows (the new date was not chosen very well), on which the company made a big bet.
Image source: Ubisoft
In the press release, Ubisoft also said it would continue its highly selective investment and cost-cutting program. As part of the latter, it was decided to close the XDefiant shooter and three studios that did not justify the high costs.
Due to weak results from Star Wars Outlaws over the holiday period and the closure of XDefiant, the company lowered its guidance for the third quarter of the current fiscal year to €300 million, and expects net revenues of €1.9 billion for the 12 months.
If you notice an error, select it with the mouse and press CTRL+ENTER.
