A Ubisoft shareholder is ready to sue the company for concealing information from investors
Ubisoft is not forthcoming with its investors, according to the CEO of AJ Investments, an investment fund that holds less than 1% of the company's shares. Specifically, it allegedly conceals information about strategically important decisions.
Assassin’s Creed Shadows
In his statement, Juraj Krupa referred to two media publications.
- In January, sources of the newspaper Les Echos reported that Ubisoft had struck a deal with Saudi Arabia's Savvy Games Group to release DLC for Assassin’s Creed Mirage.
- In February, the portal MergerMarket stated that Ubisoft had begun negotiations with Microsoft, Electronic Arts, and several other companies regarding the sale of some of its franchises.
According to Krupa, Ubisoft's investors were unaware of this. He is convinced that the company should have informed them rather than keeping these facts hidden. It’s worth noting, however, that the accuracy of the articles by Les Echos and MergerMarket is unknown, as their information is sourced from unofficial channels.
The shareholder reminded that Ubisoft is in dire financial straits. He had already criticized Ubisoft’s management in September 2024 and still believes that it needs to make radical changes to its business operations.
Now, Krupa plans to hold a protest in front of Ubisoft's Paris office and is urging other shareholders to join him. The planned date for the protest is May 28. According to Krupa, he is giving Ubisoft time to develop a plan to improve the situation at the company. If the proposed changes satisfy him, the protest will be canceled.
Krupa also stated that he is "ready to sue the company for misleading investors."
A Ubisoft spokesperson told IGN that the company had announced its intention to reorganize three months ago. It will inform investors as soon as any specific decision is made.