French video game company Ubisoft could be looking to be bought out according to respected news publication Bloomberg. A number of private equity firms including Blackstone Inc and KKR & Co have been looking closely at the business, thought it is not known whether the company’s major shareholder are willing to pursue a deal. The large video game company is probably best known for the Assassin’s Creed, Far Cry and Splinter Cell series.
“The family of Ubisoft Chairman Yves Guillemot is the company’s biggest investor with a 15% stake, data compiled by Bloomberg show. Shares of Ubisoft have fallen 41% in Paris trading over the past year, giving it a market value of about 4.8 billion dollars ($5.2 billion). Deliberations are at an early stage, and there’s no certainty any of the suitors will proceed with offers, the people said.”
Bloomberg
