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Rumor has it that Tencent, the big Chinese tech company, and the Guillemot family, who founded Ubisoft, are talking about buying Ubisoft and taking it private. Bloomberg reported the story based on people familiar with the matter.
Ubisoft’s Future in Question
There’s been a lot of talk about what’s going on with Ubisoft, especially since they’ve had to lower their expectations for their new game Assassin’s Creed: Shadows. Right now, Ubisoft is a public company, which means they have to report to shareholders and make their finances public. If the buyout goes through, they wouldn’t have to do that anymore.
It’s unclear exactly how Tencent and the Guillemot family would split control, but it could be similar to what Elon Musk did with Twitter when he took it private.
Yves Guillemot’s Possible Role
Yves Guillemot, who’s the CEO and one of the founders of Ubisoft, might be working on a deal that keeps his family in charge while getting financial help from Tencent. That would mean Ubisoft would still be run by the same people, but with Tencent’s support behind them.
Blockchain and Web3 in Gaming
Ubisoft’s stock has gone up more than 30% since rumors of the buyout started. That’s after a tough year where the stock lost a lot of value. Both Tencent and Ubisoft have been early adopters of blockchain and Web3 technology in gaming, so if this deal goes through, it could lead to some exciting new things in the world of crypto gaming.
