Author: Luke

Ubisoft is Reportedly Considering a Buyout by Tencent

Amidst a string of cancellations, game delays, major titles failing to perform to expectations, and consistent and significant declines in share prices, Ubisoft finds itself on shaky ground, to say the very least. As per a new report by Bloomberg, however, the company may be considering a sale as a way out.

As per the report, Ubisoft and Tencent are considering a buyout of the former by the latter to take Ubisoft private. However, it’s reported that though Ubisoft’s founding Guillemot family is a buyout to go private, it is one of several options being considered by Ubisoft anRussia Lottod Tencent, with discussions currently at an early stage.

Ubisoft’s share prices have lost more than half o…