Ubisoft Stock Jumps 14% After Reports Of Tencent Buyout
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
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Source: Benzinga
Ubisoft's Potential Buyout: Ubisoft is in discussions with Tencent for a potential buyout that would allow the Guillemot family to retain control if the company goes private, following a challenging year marked by layoffs and disappointing sales.
Financial Struggles and Changes: The buyout talks come as Ubisoft faces significant financial losses, including underperforming game releases and studio closures, while Tencent's growing influence may lead to increased involvement in future business decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
