Ubisoft Co-Founders Want To Maintain Control As Talks With Tencent Continue - Report

Eddie Makuch
12/6/2024

According to a new report, Ubisoft's family founders are trying to find funding to keep the company in good financial standing while simultaneously attempting to keep control of the firm's future.Reuters reports that the Guillemot family--which owns the largest stake in Ubisoft--is talking to Tencent and other financial partners to try to find a way to fund a "management-led buyout."CEO Yves Guillemot and his family members are keen to retain control of Ubisoft amid any such deal, and this has apparently been a sticking point in financing discussions. The report said Tencent is asking for a "greater say on future board decisions" in exchange for putting more money into Ubisoft. The report also said Tencent may not invest any further amount of money into Ubisoft.Continue Reading at GameSpot...

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