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108
And there it is. Exactly one week after launch, "Tencent acquires 25% stake in Ubisoft’s new gaming subsidiary" (www.investing.com)
posted 3 months ago by auroch 3 months ago by auroch +108 / -0
Tencent acquires 25% stake in Ubisoft’s new gaming subsidiary By Investing.com
Tencent acquires 25% stake in Ubisoft’s new gaming subsidiary
www.investing.com
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▲ 3 ▼
– Lurker404 3 points 3 months ago +3 / -0

So, Ubisoft have outsourced their big IPs to a new company. Why?

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▲ 6 ▼
– Galean 6 points 3 months ago +6 / -0

Because Ubisoft is toast, their games are to high budget and Outlaws floped, AC shadows failed, Skull And Bones - their AAAA game - also failed, AC Mirage and Prince of Persia Floyd edition - I have no idea if it failed but It either was a flop or just not great. Their last money maker was probably Valhalla and that was 2020.

They've lost way to much money and their is no chance to turn things around. The current theory is that they got encouraged internally to listen to their constantly increasing number of activists to intentionally drop in share values so that China would buy them.

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▲ 4 ▼
– Adamrises 4 points 3 months ago +4 / -0

Not to mention their main money maker (R6 Siege) was destroyed by the trannies taking over the playerbase and basically getting everyone banned through abusing the report feature.

Like, that was a game that if it came out now would print money, but instead it came out at Peak Woke and is saddled with so much of it that they can't salvage it now that woke is on the way out.

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