Ubisoft recently responded to Bloomberg's reports that it could be acquired and privatized by Tencent. In a statement to European media, Ubisoft said that the company conducts regular strategic reviews to ensure it meets the interests of shareholders and will inform the market in due course.
Ubisoft responded to speculation about a potential acquisition, saying that the company is focusing on implementing its operational strategy, with a focus on open-world adventure games and service-based gaming (GaaS) experiences, according to statements received by a number of foreign media. While discussions about the acquisition are still in their early stages and many details are yet to be confirmed, Ubisoft's response makes the Bloomberg report even more intriguing.
Ubisoft's market value has previously slipped due to poor sales of Star Wars: Outlaws and the postponement of Assassin's Creed: Shadows, making any rumors of an acquisition likely to have an impact on its stock price. For now, Ubisoft is still pinning its hopes on the sales of games such as Star Wars: Outlaws on Steam, as well as the release of Assassin's Creed: Shadows next year to turn the tide.