Ubisoft founders reportedly taking bold measures to stabilize the company
Share link:
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.
Ubisoft shares fell 54% this year. According to Bloomberg , 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin gets March 25 'blast-off date' as US dollar hits 4-month low
Ethereum most 'undervalued' in 17-months — Can ETH return to $4K?
New York bill aims to protect crypto investors from memecoin rug pulls
Solana DEX volumes still rival Ethereum’s despite memecoin meltdown: VanEck
Trending news
MoreCrypto prices
More
