Connect with us

Hi, what are you looking for?

CrazyFlux.comCrazyFlux.com

Tech News

Ubisoft responds to rumors about Tencent’s potential buyout

A screenshot from the video game Star Wars Outlaws.
Star Wars Outlaws sold fewer copies than expected. | Image: Ubisoft

Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.”

The statement follows an earlier report from Bloomberg, which says the Chinese gaming giant Tencent and the Guillemot family, who founded Ubisoft, are looking into ways to “stabilize Ubisoft and bolster its value.” Ubisoft shares plunged 19 percent last month following news that it’s delaying the launch of Assasins’s Creed Shadows and reported lower-than-expected Star Wars Outlaws sales.

One of the options Ubisoft is considering is…

Continue reading…

You May Also Like

Tech News

Image: Scout Motors The VW-backed company is following in the footsteps of Tesla and Rivian by selling directly to customers without a dealership. Continue...

Tech News

Illustrations by Alex Castro / The Verge Governments face a deadline in early 2025 to update their national climate plans, 10 years after the...

Tech News

Illustration by Alex Castro / The Verge Peacock’s multiview feature isn’t just for sports — it’s also good for tracking the action on election...

Tech News

Illustration: The Verge Google’s AI Overviews are expanding across more than 100 countries this week. The AI-generated search summaries will appear for users in...