The acquisition of Ubisoft by Tencent and Guillemot Brothers is reportedly facing delays due to disagreements over control

The leading shareholders of Ubisoft are in ongoing discussions regarding a buyout that would potentially take the company private. However, a recent report indicates there is a lack of consensus on who will steer the direction of the company post-acquisition.

According to sources cited by Reuters, Guillemot Brothers Ltd, which is associated with Ubisoft co-founder Yves Guillemot, aims to maintain its influence over the company even after the potential buyout is finalized.

On the other hand, Tencent is reportedly hesitant to proceed with buying a larger stake in Ubisoft until it is assured of increased decision-making power within the board.

The dialogue between the parties is ongoing, partly to avert any hostile takeover attempts by another investor. Reuters' sources suggest that Tencent is willing to wait for the Guillemot family to meet its conditions before committing fully.

Both Tencent and the Guillemot family have refrained from commenting on the matter when approached by Reuters.

Talks of a prospective buyout surfaced in October, in light of Ubisoft's recent financial hiccups, notably the underperformance of Star Wars Outlaws. A minority shareholder highlighted the need for Ubisoft to go private after its stock significantly dipped following the game's launch.

In September, Ubisoft adjusted its financial outlook for the year, postponed the release of Assassin's Creed Shadows to February 2025, and initiated an internal performance review.

Ubisoft has also faced downsizing challenges. It recently announced the shutdown of two studios linked to XDefiant, which is slated to end next year. Earlier, in October, the company disbanded the team working on Prince of Persia: The Lost Crown.