November 28, 2023

Ubisoft wanted to acquire it, but other companies scoffed at it, according to Jeff Grubb

According to journalist Jeff Grubb, Ubisoft could have made a A round of presentations for several companies to be earned, and end up with laughter in their faces. Grubb didn’t specify who these companies would be, but it’s not hard to imagine, as there are actually very few companies connected to the video game world large enough to carry out such a deal (in any case, outside companies that might be interested in entering the video game industry) .

Grubb’s leak came after Bad news today About the French publisher’s dismal financial results for the fiscal year ending March 31, 2023, which led to three game cancellations and another delay, Skull and Bones.

In February 2022, CEO Yves Guillemot stated that Ubisoft would evaluate potential acquisition bids, but they all seem to have fallen through. After today’s data, the chances of achieving anything diminish.

Grob: “Ubisoft has already submitted a round of proposals for acquisitions and mergers Other companies of your size And in most casesThey laughed in your face. It’s very complicated. Its strength was the distributed development framework, but now it is an albatross. “

See Grubb a A bleak future for Ubisoft, which comes from a long streak of failures, between games with little success and unsuccessful initiatives like launching platform NFTs. According to him, there is also the possibility of suffering Reduce the size.

One reason for the reluctance of other companies to pursue a potential acquisition is the size of Ubisoft, which has more than forty studios and subsidiaries around the world.