Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

Ubisoft responds to rumors about Tencent’s potential buyout

A screenshot from the video game Star Wars Outlaws.
Star Wars Outlaws sold fewer copies than expected. | Image: Ubisoft

Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.”

The statement follows an earlier report from Bloomberg, which says the Chinese gaming giant Tencent and the Guillemot family, who founded Ubisoft, are looking into ways to “stabilize Ubisoft and bolster its value.” Ubisoft shares plunged 19 percent last month following news that it’s delaying the launch of Assasins’s Creed Shadows and reported lower-than-expected Star Wars Outlaws sales.

One of the options Ubisoft is considering is…

Continue reading…

You May Also Like

Tech News

Photo by Amelia Holowaty Krales / The Verge Apple’s ability to sell the Watch Series 9 and Ultra 2 in the US is in...

Editor's Pick

Michael Chapman There are so many government regulations placed on businesses that it’s like “a million little strings that tie Gulliver down” and eventually...

Editor's Pick

After Friday’s stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big...

Editor's Pick

Jeffrey Miron Proposals to adopt a universal basic income (UBI) raise three questions. The first is whether a UBI should add to or replace...