American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Ubisoft could go under Chinese or Saudi ownership in 2025

by admin January 17, 2025
January 17, 2025
Ubisoft could go under Chinese or Saudi ownership in 2025

Ubisoft Entertainment has delayed the launch of its much-anticipated title “Assassin’s Creed Shadows” and has “appointed advisors to review strategic options to extract the best value for stakeholders.”

While the video game maker is yet to offer more colour on its exact plans – the aforementioned developments are being broadly construed as signs of the management’s interest in a full or partial sale of the company.

According to Michael Pachter, a senior analyst at Wedbush Securities, China-based Tencent is among potential suitors who stand to gain the most from buying Ubisoft.

Shares of the French company are down more than 10% for the year at the time of writing.

Tencent has already shown interest in Ubisoft

There have already been reports that Tencent has teamed up with Guillemot Brothers to take Ubisoft private.

Guillemot Brothers currently has the largest stake in the game maker.

In fact, the two entities reportedly plan on setting up a new venture that would include a bunch of Ubisoft assets.

The new venture could be Tencent’s way of winning more control over the video game company’s intellectual property.  

Michael Pachter sees Tencent as a potential buyer also because Ubisoft has a rather inflated cost base that makes it unattractive for the majority of Western buyers.

“That leaves foreign buyers who have strategic interest,” he told clients in a research note today.

Why is Tencent a suitable buyer of Ubisoft

James Batchelor – the former editor-in-chief of GamesIndustry.biz dubbed Microsoft a suitable buyer but said its previous contest with transatlantic regulators over its $69 billion takeover of Activision Blizzard would make it decide otherwise.

Tencent, on the other hand, has ample reasons to go after Ubisoft. The potential acquisition, for example, feeds right into the Chinese firm’s commitment to expanding its footprint internationally, he argued in an interview with CNBC on Wednesday.  

With limits on how it can grow in its domestic market of China, Tencent has been investing in more and more studios in the West.

In 2021, Tencent spent $1.26 billion on buying a UK-based video game company – Sumo Group.

Savvy Games could buy Ubisoft in 2025

Another potential buyer that could take over Ubisoft this year is Savvy Games Group – a gaming and e-sports company that’s currently under the ownership of the sovereign wealth fund of Saudi Arabia.

“The vision is to create jobs in Saudi Arabia, so as Ubisoft experiences attrition, it can replace lost jobs by hiring there,” Pachter added in the CNBC interview.

There were reports in October that Ubisoft would consider cutting 8,000 jobs to lower its global headcount by about 40%.

Savvy Games was set up in 2021 as part of the Kingdom’s broader push to become a global gaming hub.

Crown Prince Mohammed bin Salman is currently the chairman of this gaming company.

The post Ubisoft could go under Chinese or Saudi ownership in 2025 appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
SpaceX’s Starship explodes in test: what went wrong with Elon Musk’s rocket?
next post
FTSE 100 hits record high as interest rate cut hopes fuel rally

Related Posts

India’s booming data center market: 5 top stocks...

December 30, 2024

Alphabet jumps the most since October on Willow...

December 11, 2024

Trump-linked WLFI secures $590 million, claiming a spot...

March 15, 2025

RBI cuts repo rate: which sectors and stocks...

February 8, 2025

Hims & Hers Health says it will offer...

May 22, 2024

Meta execs to pocket 200% bonuses after 3,600...

February 22, 2025

Chewy stock price forms a wedge, hits resistance...

January 5, 2025

Jim Cramer names top 3 stocks to buy...

April 6, 2025

Spirit Airlines vs Southwest: why 2025 could shake...

March 16, 2025

What CoreWeave IPO means for Goldman Sachs

March 31, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • GMS stock jumps 29% on takeover interest from Home Depot, QXO, analysts raise PTs

      June 22, 2025
    • Japan’s rice price surge: what’s driving it and why it could spark a political crisis

      June 22, 2025
    • BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

      June 22, 2025
    • Palantir co-founder: US must prevent Iranian nukes

      June 22, 2025
    • Fed governor Waller advocates for July rate cut amid tariff, labor market outlook

      June 21, 2025

    Categories

    • Business (3,199)
    • Investing (2,531)
    • Latest News (2,000)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved