Ubisoft buyout talks are reportedly progressing, but there's one small hitch_ The Guillemot family w
By Dr. Eleanor Vance | Published on January 01, 0001
The possibility of some sort of major shakeup at grew a little more distinct today as reports that company shareholders are now looking at how to structure a buyout of the company that, ironically, would leave the founding Guillemot family in control.
The possibility of a buyout was first , although at that point it seemed more of a kick-around idea than anything else: Ubisoft is in trouble, and something—just about anything—needs to be done. This new report, citing two people "familiar with the matter," [[link]] sounds like more of a concrete step forward, in the sense that there is an active push toward making it happen.
The sticking point, according to the report, appears to be over who's left in charge if a deal is done. Sources [[link]] cited by Reuters say the Guillemot family, which founded Ubisoft in 1986, want to retain control of the company. Tencent, Ubisoft's second-largest shareholder and the Guillemot's presumptive partner in this boardroom boogie, wants more say in board-related matters, and is reportedly waiting for an agreement on that front—which, as I take it, essentially means capitulation—before committing to financing the deal.
More recent news has not been better. Earlier this week, Ubisoft , its planned Call of Duty competitor—an especially ugly move because it happened less than three months after executive producer Mark Rubin insisted XDefiant "." The end of XDefiant also resulted in the layoff of up to 277 employees, and the closure of two production studios.
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