Ubisoft on Watch The Lion King OnlineMonday responded to recent speculation about Tencent potentially buying out the French game publisher but provided limited details. Ubisoft stated it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.” This follows a Bloomberg report suggesting that Tencent and the Guillemot family, Ubisoft’s founders, are exploring ways to stabilize Ubisoft and enhance its value. Ubisoft shares fell by 19% last month after delaying Assassin’s Creed Shadows and reporting lower-than-expected sales for Star Wars Outlaws. One option being considered is taking Ubisoft private, according to Bloomberg. Currently, Chinese gaming giant Tencent holds a 10% stake in Ubisoft and 49.9% in Guillemot Brothers Ltd. [Ubisoft statement, in Chinese]
