The Slovak investment fund AJ Investments and Partners, has written an open letter to Ubisoft to express their “deep dissatisfaction” with its performance and strategic direction, something that has led to direct complaints to the company’s board to consider privatizing it entirely.
Something that is intrinsically related to really poor quarterly results. We leave you below the details and the statements collected:
“Recent quarterly results, which included the postponement of key games such as Rainbow Six Siege and The Division to launch in 2025 and a reduced revenue outlook for Q2 2024, have heightened our concerns about management’s ability to deliver long-term shareholder value. Ubisoft’s share price has declined more than 40% over the past year, compared to the rise of its competitors and indices.”
The letter He also describes Ubisoft as a big company that has a lot of potential. still to be developed, and which is experiencing a negative trend due to poor management of its funds and projects. Guillemot and Tencent have been seen as the biggest losers after this letter from investors. Let us remember that Tencent owns 49.9% of Ubi’s shares.
From AJ Investments and Partners The board has been urged again to privatize the company and address important issues, new approaches to games and development of important IPs.
Via: Eurogamer
