Ubisoft Reportedly Wants Its Share Price To Improve Before It Sells
With ongoing consolidation occurring within the gaming industry, rumours of a potential Ubisoft sale continue to persist. Although the most recent reports suggest that the company is looking to block potential takeovers with a partnership of their own, the latest report suggests that Ubisoft may in fact be holding off until its share price increases.
According to Dealreporter (via GameIndustry.biz), the Assassin’s Creed publisher is looking for its share price to reach at €60 to €70 before it considers any kind of buyout. Looking at a best-case scenario, it’s been suggested that a share price of €100 would be the optimum level due to its long-term prospects.
Ubisoft’s share price currently sits at €48.30 at the time of writing. It has not hit €100 since July 27th, 2018, and last managed to reach the €60 it’s currently striving for on July 7th, 2021. Despite this, its share price currently seems to be on a general upward trend, rising from a low of €34.56 on April 21st, 2022.
In its latest earnings report, Ubisoft confirmed that it’s still planning on releasing the Switch exclusive Mario + Rabbids Sparks of Hope at some point before the end of FY2023 (that’s March 31st, 2023), so there’s yet hope that we may see its launch in 2022.
Do you think Ubisoft will wind up being taken over? Or do you reckon the Guillemot family with retain the reins of the publisher? Let us know!