Ubisoft Reportedly Looking To Block Takeover Bids Via A New Partnership 1

Ubisoft Reportedly Looking To Block Takeover Bids Via A New Partnership

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Ubisoft’s founder – the Guillemot family – is reportedly looking into partnering with a private equity firm with a view to acquire the games publisher. In light of the reports, company shares have jumped 10% over the course of the last day or so.

As reported by equities news and data service Dealreporter (many thanks, VGC!), the Guillemot family is allegedly looking to retain operational control of the company and sees a potential partnership as a way to oppose any possible takeover bids from strategic buyers.

The Guillemot family currently holds 15.9% of Ubisoft’s shares and 22.3% of the net voting shares, however it has come under fire over the past couple of years in the wake of reports of misconduct within the company. Yves Guillemot has previously publicly apologised as a result, stating that “we are at the start of a long journey”.

News of a potential acquisition from the Guillemot family comes after Microsoft’s colossal bid to acquire Activision-Blizzard for $68.7 billion and the more recent news that Square-Enix’s western studios had been acquired by The Embracer Group for a comparatively measly $300 million.

Feels like just another day in acquisition-gate, right? What do you make of this latest news regarding Ubisoft? Let us know with a comment below.