Ubisoft’s road to recovery now seems almost impossible. The French publisher is struggling to get on its feet following multiple game cancellations, layoffs, and plummeting stock.
As if this weren’t enough, the company’s internal situation is no better. Ubisoft is now facing retaliation from its shareholders over a lack of transparency and withholding information.
Why it matters: Following multiple lawsuits and internal turmoil, Ubisoft’s recovery seems more improbable day by day, and the publisher may never stand on its feet again, at least by itself.
In a new report published by IGN, Juraj Krupa, CEO of shareholder AJ Investment, revealed that Ubisoft is “Horribly Mismanaged.”
Krupa also pointed out that Ubisoft was allegedly in discussion with Microsoft, EA, and other companies interested in acquiring some unknown IPs from the publisher.
Additionally, the previous partnered DLC with Saudi Investment Company for Assassin’s Creed Mirage is also seemingly confirmed, as it was allegedly hidden from the shareholders.
AJ Investments is now ready to sue the company for “misleading investors.”
The company is also desperate to recover from its past failures. Juraj Krupa now wants a clear publisher recovery plan to address the failures and setbacks Ubisoft has been encountering recently.
The same report also reveals that the delay in Assassin’s Creed Shadows caused a severe stock decline, severely hurting retail investors.
Following this lack of transparency, a few shareholders plan to protest outside the company’s headquarters in Paris.
From what it seems, whether or not Assassin’s Creed Shadows fails, the writing is on the wall, and Ubisoft will have to make a tough decision. Whether it’s potentially selling one of its IPs or going private, the French publisher has a tough road ahead.
