Ubisoft hires advisors to examine strategic possibilities following buyout speculation report.

• Ubisoft announced on Thursday that they had hired "leading advisors" to explore "transformational strategic and capitalistic options to maximize stakeholder value."

The French video game publisher announced on Thursday that it has appointed advisors to examine and pursue strategic options following a report from last year suggesting that its majority shareholders were considering a buyout.

Ubisoft announced in a strategic update that they had hired "leading advisors" to explore "transformational strategic and capitalistic options to maximize value for stakeholders."

The independent members of the Board of Directors will oversee the process, and Ubisoft will inform the market if a transaction occurs, in accordance with applicable regulations, the company stated late Thursday.

Ubisoft, founded by the Guillemot family over 39 years ago, and Tencent, a Chinese tech giant, were reportedly considering a potential takeover of the company in October 2020. As a result, Ubisoft's shares surged more than 30% on the news.

Ubisoft decided to delay the release of "Assassin's Creed Shadows" by three months, from November 2024 to February 2025.

Ubisoft has once again delayed the release of "Assassin's Creed Shadows," pushing it back to March 20.

This is a breaking news story. Please refresh for updates.