Ubisoft keeps falling on the stock market and is threatened with privatization

, by Thibaut

Ubisoft keeps falling on the stock market and is threatened with privatization

Things are getting real ugly for Ubisoft. Suffering the consequences of the disappointing performances of XDefiant and Star Wars Outlaws, Ubisoft's share price has fallen yet another 7%.

As if that weren't enough, one of the company's "significant minority investors" wants to push for Ubisoft's going private. In the event of a refusal, the shareholder could use French law to try and gather a sufficient number of investors to force the launch of the sale process.

In a letter, AJ Investments criticizes Ubisoft for seeking to satisfy shareholders by beating its quarterly results, but never proposing a long-term strategi. The investors proposes that Ubisoft go private, with Tencent as a first-tier partner, and replace Yves Guillemot at the head of the company.

However, AJ Investments owns less than a 1% of Ubisoft's total shares. The publisher has yet to respond.

Source: aj-invest.com