Ubisoft Has Reportedly Discussed IP Sales With Microsoft, EA, and Others
gamingbolt.com
Ubisoft has been in an unprecedentedly rough fiscal period over the last couple of years, and with things seemingly going from bad to worse, the company has reportedly continued exploring a variety of options as it seeks a way out. Interestingly enough, one of those options seems to be selling of some of its many major IPs to other major players in the games industry.Thats as per an IGN report, which cites Juraj Krpa, CEO of hedge fund AJ Investments which owns a minority stake in Ubisoft who claims the company has had some discussions with the likes of Microsoft, EA, and others regarding potential IP sales- discussions that it did not inform shareholders or the public about, Krpa claims.In a statement to IGN, Ubisoft has said that it is considering various transformational strategic and capitalistic options and that it is extract the best value from Ubisofts assets and franchises for all stakeholders.As we mentioned during our Q3 sales, the review of various transformational strategic and capitalistic options is ongoing, the company says. The Board has established an ad-hoc independent Committee to oversee this formal and competitive process, so as to extract the best value from Ubisofts assets and franchises for all stakeholders. Ubisoft will inform the market in accordance with applicable regulations if and once a transaction materialises.Ubisofts treasure trove of IP will have the eyeballs of many in the industry on it. The company owns properties such asAssassins Creed, Far Cry, Rayman,and of course, the entireTom Clancylicense, among many others, all of which would attract plenty of interest in the scenario of a sale.The aforementioned AJ Investments has been outspoken about Ubisofts internal issues and the companys struggles for a while. Last September, the hedge fund called out the companys mismanagement and called on the company to go private. Read more on that through here.
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