Games World

Ubisoft Reportedly Looking To Block Takeover Bids Via A New Partnership

Company shares jump 10% in light of takeover reports.

Ubisoft’s founder – the Guillemot family – is reportedly looking into partnering with a private equity firm with a view to acquire the games publisher. In light of the reports, company shares have jumped 10% over the course of the last day or so.

As reported by equities news and data service Dealreporter (many thanks, VGC!), the Guillemot family is allegedly looking to retain operational control of the company and sees a potential partnership as a way to oppose any possible takeover bids from strategic buyers.

Read the full article on nintendolife.com