A Ubisoft investor claims he has secured the support of 10% of the company’s shareholders to try to overhaul its senior management, which the company is seen as unable to do. lead out of their current situation. Among the assumptions put forward is a sale to a third party. According to Reuters, AJ Investments said it was looking for sponsors to sell the company and change its management.
“We ask Ubisoft management to allow the company to be sold to third parties or private equity firms at a fair price.” “– says a letter from AJ Investments, which owns less than 1% of the company’s shares, obtained by Reuters. The names of other investors who would support the campaign are not mentioned in the letter. A Reuters request for the name was declined.
Let us remind you that AJ Investments began the siege of Chateau Guillemot in early September. She then accused Ubisoft of bad management, and called Ubisoft shareholders “hosts of members of the Guillemot family and Tencent, who use them for their own interests.”
“Management is focused on pleasing investors by improving seasonal returns rather than on a long-term strategy based on delivering an exceptional player experience.”says the first letter, where the author explains that he has extensive knowledge of the games industry.
The AJ Investments campaign is part of a deep crisis facing Ubisoft, unable to deliver results even with important games like Star Wars Outlaws, as well as the delay of Assassin’s Creed Shadows and the poor performance of live services such as XDefiant. The company’s shares have fallen to their lowest level in 11 years and they continue to fall, a clear sign of the lack of confidence in the market.
The second letter has not yet been published
2024-09-26 21:33:38
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