An Ubisoft investor wants to dethrone Ubisoft's founders so Ubisoft can lay more developers off - eviltoast
  • INeedMana@lemmy.world
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    2 months ago

    A minority Ubisoft investor (…) noting that Ubisoft’s share price has fallen by over 40% since last year. Accordingly, Krupa wants the board to “take Ubisoft private or allow it to sell to strategic investor”

    Looks to me as if someone wanted a fast lever and with that failing now they’d like to sell ASAP

    EDIT:

    AJ Investments appear to be new kids on the block as Ubisoft minority shareholders. According to Krupa, “we started our Ubisoft position couple weeks ago and are still adding to it”. They do, however, boast of their “extensive knowledge about the gaming industry” after being a “long-term shareholder in Activision Blizzard”.

    "We cannot understand the decision-making process of current management

    U-huh