Topher
Identifies as young
Who in the world thought that?
Ubisoft Carves Out Top Games Unit - Valuation of €4 bln, Tencent to get 25% stake, manages 3 big IPs (Assassin's Creed, Far Cry and Rainbow Six)
Who in the world thought that?
lifa-cobex
Member
Topher
Identifies as young
Unknown Soldier
Member
Multiple people here on GAF.....
Topher
Identifies as young
Such as?
Hardensoul
Member
Employees holding Ubisoft shares getting fucked!
Sadly layoff is incoming, and slowly but surely Tencent will take over the company. They are just taking it phase by phase so it will not be drastic. 25% percent now, but it will grow bigger and finally a full take over 100%. I never like state run China companies especially I hate communist but for me, the bright side is possible end to woke agenda pertaining to twisted gender ideology in Ubisoft games like for example binary characters, misuse of pronouns and same sex romance.
Twinequinox
Neo Member
I don't really care about this take over one way or another, but I was watching a video about this whole shitshow and saw a comment that cracks me up. something along the line of "Ubisoft should just accept not owning their company." and that just cracked me the hell up.
Ubisoft will own nothing and be happy.
Edit: I take that back. Ubisoft will own nothing except debt, and won't be very happy.
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Sharius
Member
just learn out that they require to buy company stock and hold on it for 5 years in order to work in company
bighugeguns
Member
This all seems incredibly illegal.
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Sharius
Member
it's probly big deal the day ubisoft still make good game, it's a scam now
Topher
Identifies as young
Eh.....think they better be more worried about keeping their jobs than what their stock is doing.
Heart_Attack
Member
Even with Tencent owning Assassins Creed, or Far Cry, i don't think they can get good talented developers to make a truly great AAA game.
IAmAnAgnostic
Member
This is actually quite deviously set up, I knew Tencent would want to swoop in to buy what remains of Ubisoft, but I also knew they wouldn't want to touch the vast majority of the company. I thought they'd wait post massive layoffs so that the incredibly inefficient and bulky Ubisoft studios become a fraction of their current size and then they buy what remains for exactly these IPs.
No, why wait, since apparently you can legally just carve the IPs to their special corner with far a few devs and buy a stake into that corner, completely bypassing the upcoming huge layoffs everywhere else!
And yes, if I was a dev working in Ubisoft anywhere except that special corner, I'd genuinely be looking for replacement work ASAP.
No, why wait, since apparently you can legally just carve the IPs to their special corner with far a few devs and buy a stake into that corner, completely bypassing the upcoming huge layoffs everywhere else!
And yes, if I was a dev working in Ubisoft anywhere except that special corner, I'd genuinely be looking for replacement work ASAP.
Unknown Soldier
Member
adamsapple
Or is it just one of Phil's balls in my throat?
I don't think you're gonna get an answer to that, he's already moved onto the next twitter meme
Unknown Soldier
Member
I see....I don't think you're gonna get an answer to that, he's already moved onto the next twitter meme
Topher
Identifies as young
That's not saying "all is well" with Ubisoft.
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Kings Field
Member
lifa-cobex
Member
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Topher
Identifies as young
I'm not getting how Ubisoft employees are getting screwed here. The new subsidiary is still a part of Ubisoft so how does it affect their stock?
