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Bloomberg reports Ubisoft may be acquired, stock price rises 11% after the news is exposed

According to Bloomberg, there are some companies that have shown interest in acquiring Ubisoft, such as private equity firms Blackstone and KKR, but are still in their early stages. In February, Ubisoft said they could remain independent, but would evaluate any acquisition offers. Ubisoft shares rose 11% after the news came to light.

Bloomberg reports Ubisoft may be acquired, stock price rises 11% after the news is exposed

Ubisoft's largest shareholder is its CEO, the Yves Guillemot family, which holds a 15 percent stake, and Ubisoft's stock price has fallen 41 percent over the past decade and is currently worth just $5.2 billion.

Bloomberg reports Ubisoft may be acquired, stock price rises 11% after the news is exposed

Representatives of Blackstone and KKR both declined to comment. Ubisoft said in an emailed statement that they have built a strong lineup of gaming products and are in the ideal position to seize emerging opportunities in a fast-growing industry. The company declined to comment on any intention to acquire. Ubisoft was founded in 1986 by five brothers of the Guillemot family, and Ubisoft's stock price has been hit hard over the past year due to the constant game skipping tickets and lower product production capabilities.

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