Ubisoft Stock Goes Up 11 Percent Amidst Takeover Talk

Ubisoft has been back among the takeover talks recently. According to a report by Bloomberg, the developer is being studied by private equity firms Blackstone Inc. and KKR & Co. among others. However, this does not mean that an acquisition is imminent, or that Ubisoft even wants to sell. “Ubisoft hasn’t entered into any serious negotiations with potential acquirers, and it’s unclear whether its major shareholder is willing to pursue a deal,” said Bloomberg.

However, it seems that the stock market is taking this pretty seriously, as Ubisoft's price jumped by 11 percent on Friday, when this news was first published. The video game industry has been on a buying spree this year, with major and relatively minor acquisitions taking place at a rate never seen before.

According to data collected by Bloomberg, the company's biggest investor with 15 percent is the family of Ubisoft CEO Yves Guillemot. But the report notes that everything is still in early stages, meaning no offers have been made and there's a chance none will be made at all. However, Ubisoft did decline to comment when asked by the publication.

On the development side of things, information was leaked about two of the company's biggest future projects – both by industry insider, Tom Henderson. Firstly, Assassin's Creed Nexus will reportedly be a VR game based on the IP. It will also feature appearances by the likes of Ezio, Kassandra, Connor, and Haytham Kenway. Attuned more towards the stealth-action formula of the series, players will be able to perform stealth assassinations with their hidden blades, pickpocket enemies, pick locks to open up new routes or rewards, and even perform a leap of faith.

Next, footage for Project Q, Ubisoft's attempts at a battle royale game, has been leaked. According to the developer, the game is supposed to be an "innovative and modern PvP battle arena game". It will feature two game modes – one akin to a battle royale but with eight players per team, and the other will be a battle arena mode where players will be able to pick their weapons, abilities, skills, and three varying perks called Wonders. No release date for either project was mentioned.

Source: Read Full Article