Ubisoft shares rose by almost 30% amid rumors about the acquisition of the company

On Friday, Bloomberg and Kotaku publications announced the interest of investment funds in the acquisition of Ubisoft. After that, the company’s shares began to grow.

On Friday, they rose by 11%, by now – by another 14%. At the time of writing, the stock price was €42 per share. Before that, Ubisoft’s shares had been falling steadily for a month. On April 21, the price per piece was €34.

Among the possible buyers are the American investment funds Blackstone and KKR. But information about a possible deal from anonymous sources varies.

Ubisoft stock price on April 25
So Bloomberg insiders reported that several investment companies, including the above, are studying the French market, but Ubisoft has not entered into negotiations with them.

It is unclear whether any of them are ready for a deal.

At the same time, Kotaku sources are convinced that the company will eventually be sold. In their opinion, this will happen against the background of last year’s 46% drop in shares and ongoing production difficulties.

Also in recent years, Ubisoft has conducted audits of various parts of its business. Kotaku insiders are sure that this is how the company prepared the necessary papers for sale.

Blackstone and KKR themselves did not comment on the topic. Ubisoft, in turn, limited itself to general words in the official message. Representatives of the studio called the information about a possible deal “speculation and rumors.”

Earlier, Ubisoft successfully prevented a merger with the French holding Vivendi. Now, according to the media, the situation may develop differently, because the studio is not doing very well. For example, Ubisoft postponed the release of new parts of Far Cry, Ghost Recon and Assassin’s Creed, and also stopped supporting its NFT project.