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re: Information on why the Ubisoft split occurred
Posted on 5/10/25 at 2:09 am to lsuconnman
Posted on 5/10/25 at 2:09 am to lsuconnman
quote:Care to elaborate?
I don’t believe any of that to be accurate.
He has many contacts that currently work for Ubisoft. Nothing he said even seems controversial, in light of what has been officially reported.
Also, when has Luke Stephens been known to make stuff up?
These are all facts that are incontrovertible:
-Ubisoft has had a string of high profile failures
-Ubisoft stock was cratering
-Ubisoft was looking for cash infusion
-Tencent was willing to buy them
-Ubisoft balked
-Tencent bounced
-Ubisoft went back to them
-Subsidiary created with only profitable games
-Tencent went from 12% stake in Ubisoft, to 25% in subsidiary.
What Luke offers here is just some minor dot connecting on the margins. He is a huge fan of Ubisoft.
Which parts do you think false?
Posted on 5/10/25 at 9:31 am to Roaad
quote:
Care to elaborate?
There’s probably a half dozen previous threads, and I’m not spending all that time again.
In short EU bankruptcy rules are far different. They all seem to have excessive labor considerations upfront, but then have less concern for creditors which expedites liquidation.
Ubisoft has excessive labor constraints and tax credit obligations. Their next stop is eliminating both.
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