Wedbush analyst explains why Tencent is a suitable buyer of Ubisoft. He also expects Saudi Arabia's Savvy Games Group to bid for Ubisoft.
A new report claims that Ubisoft and Tencent are currently considering a new venture that could result in Ubisoft being broken apart.
According to Bloomberg, Tencent and Ubisoft's founder, the Guillemot family, are planning to move Ubisoft assets to a new venture as a way to boost the company's value.
Tencent and the Guillemot family are reportedly exploring a new venture to boost Ubisoft's value and regain control over key assets.
Ubisoft's current strategies call for 'significant cost reductions,' new review to investors shows depth of the French publisher's new potential plans.
Barclays (LON: BARC) analysts suggested in a note that the development might signal increased value for Ubisoft's holdings, though many questions remain unanswered. "This is not a take-out but it could imply more value for Ubisoft's assets," said the bank.
A new report from Bloomberg reveals that the Guillemot family and Tencent may currently be in talks to move select Ubisoft assets over to a brand-new venture (thanks, VGC ).
Chinese conglomerate Tencent and Ubisoft's founding Guillemot family are reportedly considering a new venture using a foundation of Ubisoft assets.
Leadership was guarded regarding questions of a possible buyout, rumors of which follow after shares of the Assassin’s Creed owner fell to 10-year lows last year.
Tencent is a likely buyer for Ubisoft, with the appointment of lead advisors indicating the deal is beyond the exploratory stage. Read why UBSFF stock is a Buy.
Ubisoft gives an update on the upcoming Splinter Cell Remake which gives fans a look at a possible release date.