Ubisoft CEO Yves Guillemot has commented on recent speculation that the company could be the subject of a takeover bid.
The French publisher, which hasdelayed a significant number of product launchesin the last few years and whosereputation has been tarnished by a workplace misconduct scandal, has become the subject of much speculation in recent months amid a growing trend of consolidation in the games industry.
Last month it was reported that the company behind the Rainbow Six andFar Cryseries wasattracting takeover interest from several private equity firms, including Blackstone Inc. and KKR & Co.
And last week it was claimed thatUbisoft’s founding Guillemot family wasconsidering teaming up with a private equity firm to acquire the company.
“There has been a lot of talk around consolidation in the industry and in Ubisoft in particular,” CEO Guillemot said during the company’s full-year earnings call on Wednesday (transcribed by VGC).
“Our overall position is clear and well known. As we said last February, we have everything we need to remain independent. We have the talent, the industrial and financial scale, and a large portfolio of powerful IPs to create massive value in the coming years.
“It has provided us with the plan to build strategic partnerships with the biggest players in entertainment and tech. The current speculation is putting in plain sight the real appeal and value of our assets and of our value creation potential.
“As mentioned before, as a public listed company, it is best practice for our board to review any offer in the interest of all shareholders and of our great teams.”
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Guillemot said he wouldn’t be making any further comment on the subject during the remainder of the call.
M&A activity in the games industry hit a record $85 billion in 2021 and has beenforecastto reach $150 billion this year, with huge deals such asMicrosoft’s acquisition of Activision BlizzardandTake-Two’s buyout of Zyngahaving already been announced in 2022.
During today’s earnings call,Ubisoft also provided an update on its product release slate, including premium gamesAvatar: Frontiers of Pandora,Mario + Rabbids: Sparks of HopeandSkull & Bones.
