Ubisoft crisis: shareholder calls for protest over management decisions
One of Ubisoft's shareholders is planning a protest outside the company's Paris office, accusing management of concealing negotiations on a potential sale.
Here's What We Know
According to IGN, investment firm AJ Investments, which owns less than 1% of Ubisoft shares, said that the company is in a critical condition due to "terrible management". CEO Juraj Krúpa claims that Ubisoft did not inform shareholders about meetings with EA, Microsoft and other stakeholders regarding the possible sale of its assets.
Krúpa emphasises that the company did not properly inform investors about its negotiations. In this regard, he called on anyone who is dissatisfied with the "prolonged stagnation of Ubisoft shares and the lack of decisive action by management" to join the protest in May.
He also noted that AJ Investments is ready to file a lawsuit against Ubisoft for "misleading investors". At the same time, the firm admits that the company's management is conducting a financial analysis of strategic options with the support of Goldman Sachs and JP Morgan.
In response, Ubisoft said that the process of reviewing strategic and investment decisions is ongoing. The company has set up an independent committee to assess the situation and promised to inform the market about any specific transactions in accordance with regulatory requirements.
Sources: Insider Gaming, IGN
