In recent weeks, the executives and shareholders of Ubisoft have been discussing the possibility of a management buyout. Sources report this to Reuters.
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According to Reuters, the Guillemot family, which founded Ubisoft, has "clearly indicated" that it wants to maintain control over the company. The current focus is on how to organize this.
The publication's sources added that the Chinese conglomerate Tencent has not yet decided whether it will participate in the buyout and increase its stake. Tencent currently owns just under 10% of Ubisoft shares, making it the company's second-largest shareholder after the Guillemot family, which owns 15%. It is also stated that Tencent aims to prevent a hostile takeover of Ubisoft by other investors.
Tencent and the Guillemot family refused to comment on the sources' information to Reuters. A Ubisoft representative reminded that back in October, amid similar rumors, the company stated that it regularly considers all strategic options.
Following the release of the Reuters article, Ubisoft shares rose 14.7% to €13.51 each.