Home News Ubisoft Shares Drop After Investor Pushes for Company to Go Private

Ubisoft Shares Drop After Investor Pushes for Company to Go Private

Ubisoft’s stock price has seen a significant decline following the release of Star Wars Outlaws, which has underperformed in early reviews and expectations. A minority investor, Slovakia-based AJ Investments, has urged the company to go private or seek a strategic buyer, expressing dissatisfaction with the company’s current management.

In an open letter to the board, including CEO Yves Guillemot and investor Tencent, the group criticized the Guillemot family’s control and hinted at organizing other shareholders for a potential proxy fight if demands are not met.

AJ Investments holds less than 1% of Ubisoft’s shares but is pushing for drastic changes, including further layoffs and a leadership overhaul. The letter also pointed out several games that have underperformed or been canceled, while acknowledging the ongoing success of Rainbow Six Siege. The group cited reviews like IGN’s 7/10 for Star Wars Outlaws as evidence that the game was not fully prepared for launch.

Ubisoft has not yet commented on Star Wars Outlaws’ commercial performance but remains optimistic about upcoming releases, including Assassin’s Creed Shadows, which is expected to play a crucial role in the company’s recovery later this year.

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Sai T.

Sai is a social media manager and senior web content creator who spends his days juggling game research, deadlines, and the usual existential crisis. When he isn’t crafting content that hopefully goes viral, he’s a dedicated single parent doing his best to navigate work life balance. And in the rare moments when free time actually appears, he’s usually found with his two dogs, who are fully convinced they’re the ones in charge.