News in key Ubisoft acquisition
Rumors of an acquisition of Ubisoft, but a new report suggests the publisher is waiting for its share price to improve. According to DealreporterStreet Seeking Alphashareholders and people familiar with the acquisition discussions say the price should be at least 60-70 euros per action before an agreement is accepted.
A price of 100 euros per share has been suggested as a better value for the publisher due to its long-term outlook. In recent weeks it has been reported that Ubisoft is attracting the interest of private equity firms such as Blackstone And KKRwho are considering buying the publisher of Assassin’s Creed.
It is also reported that the family Guillemot could buy the company itself, and the CEO Yves Guillemot told investors at the latest press conference that Ubisoft has “Everything we need to stay independent”. At the time of this writing, the company’s share price is 48.41 eurosdown from 82.40 euros reached at the beginning of the year.
The last time the company’s stock passed i 60 euros was the July 7, 2021when it reached i 61.48 euros per share. This followed a brief decline in May 2021but before that the publisher has been consistently over the 60 euros per share from March 2020 to May 2021although this is undoubtedly at least in part due to the thrust of the pandemic.
Before the pandemic, the title Ubisoft remained at 60 euros or more from January 2017 to September 2019period in which it reached a peak of 102.95 euros.
News of a buyer’s interest in Ubisoft joins the news according to which Electronic Arts he’d been trying to sell for years and his efforts would increase by that time Microsoft announced the acquisition of Activision Blizzard for 68.7 billion dollars to $ 95 per share.