Ubisoft stock jumps 11% amid fresh takeover report

Ubisoft’s stock value jumped by 11% on Friday, following fresh claims that the Assassin’s Creed firm is attracting takeover curiosity.

According to a Bloomberg report, a number of non-public fairness companies together with Blackstone Inc. and KKR & Co. have been learning the video games writer, per its sources.

“Ubisoft hasn’t entered into any critical negotiations with potential acquirers, and it’s unclear whether or not its main shareholder is keen to pursue a deal,” the publication mentioned.

Ubisoft declined to touch upon any takeover curiosity.

Ubisoft is without doubt one of the largest third-party video games publishers on this planet and owns manufacturers similar to Assassin’s Creed, Rainbow Six, Far Cry and Just Dance.

The French firm has turn into the topic of a lot hypothesis in latest months, following a rising pattern of consolidation within the video games trade.

M&A exercise within the video games trade hit a document $85 billion in 2021 and has been forecast to achieve $150 billion this 12 months, with large offers similar to Microsoft’s acquisition of Activision Blizzard and Take-Two’s buyout of Zynga having already been introduced in 2022’s opening months.

Ubisoft was asked in an earnings call in February if it believed it will be capable to assure entry to the varied gaming platforms it releases its video games on sooner or later, ought to it resist any of the consolidation taking place within the trade. CEO Yves Guillemot mentioned he imagine it will.

“We will proceed to have entry to all of these platforms as a result of all of the platforms want nice content material. If we’re persevering with to do nice content material like we do right now, we can entry all of these platforms,” he mentioned.

“If we take a look at Nintendo… we’re the primary third-party writer on it. Nintendo is excited about the whole lot we do and [we are] even growing video games with their manufacturers, so the collaboration exists and it is rather fruitful.”

The exec mentioned he believed Ubisoft might stay unbiased however that any provides to purchase the corporate could be reviewed within the curiosity of its stakeholders.