According to a new report from Bloomberg, Ubisoft has attracted early takeover interest from several private equity firms. While the outlet reported that at least two firms are planning on submitting bids, there hasn’t been any serious negotiations.
Shortly after the news broke, several reports claimed that Ubisoft is auditing parts of its business over the last year meaning the company might be taking steps for a future acquisition. Although the popular publisher’s stock prices dropped significantly over last year, the shares rose by nearly 20 percent following the reports.
This latest news comes after Ubisoft has faced numerous attempts over last couple of years. Back in 2016, the company fought off a hostile takeover bid by Vivendi to keep itself independent. However, Ubisoft boss Yves Guillemot changed his tone earlier this year.
He said, “We have always taken our decisions in the interest of our stakeholders, which are our players, employees and shareholders. So Ubisoft can remain independent. We have the talent, the industrial and the financial scale, and a large portfolio of powerful IP… Having said that, if there were an offer to buy us, the board of directors would of course review it in the interest of all stakeholders.”
Although Ubisoft’s Assassin’s Creed franchise continues to remain popular, the company has attracted a lot of negative press over last couple of years over its employee harassment and workplace culture. Moreover, the publisher’s recent stance on NFTs have angered both fans and employees.