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In context: Previously six months, half a dozen sport studios, together with Activision Blizzard, Bungie, and Bethesda have been acquired for billions. Everyone seems to be questioning which studio will probably be subsequent, together with Ubisoft and its shareholders. This week the corporate printed its quarterly report with some wording that made it learn extra like a gross sales brochure, prompting questions in regards to the firm’s intentions.
Ubisoft printed its quarterly report on Thursday and its executives held an earnings name with analysts and shareholders afterward. Subtitles within the 10-page report like “Ubisoft’s property have by no means been so robust at a time when the worth of property has by no means been so excessive” and “The richest pipeline of video games in Ubisoft’s historical past” made it learn like a gross sales brochure, prompting questions in regards to the firm’s intentions.
“In a consolidating trade I suppose I’m questioning why you guys haven’t had a suggestion given the embedded worth of your IP,” analyst Matthew Walker asked. “Is that as a result of with a purpose to be acquired it’s a must to sign that you just need to be acquired and that you just haven’t achieved that?”
“We is not going to speculate on why folks wouldn’t have made any provide,” Ubisoft CFO Frederick Duguet started. “What’s fascinating –” And right here he was interrupted by CEO Yves Guillemot, who stated, “If any provide have been made, really.”
“We gained’t speculate anymore on any potential curiosity in shopping for Ubisoft.”
“– Completely, so I can’t touch upon that any additional,” Duguet continued. “What we will say is that as we point out we have now high-value property, we have now the dimensions to stay impartial and create very significant worth sooner or later as a result of we have now scale by way of workforce, in addition to engineering, expertise, IPs, and strongly engaged communities.”
In some methods, Ubisoft is a poison chalice. Its inventory fell constantly all through 2021 and is value half of what it was a 12 months in the past. It’s additionally tormented by accusations of extreme misconduct that the management has rebuffed.
However as a result of it’s priced so low, Ubisoft may additionally be a cut price.
Murderer’s Creed Valhalla just became the primary AC sport to generate over $1 billion in income and each Rainbow Six Extraction and Far Cry 6 have been properly acquired.
If it have been to be bought, Microsoft could be the probably purchaser. Because the two struck a deal to carry Ubisoft+ to Xbox Recreation Cross, hypothesis a couple of sale has run rampant. One other potential purchaser could possibly be Tencent, which at the moment holds a 5% stake within the firm.
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