The ongoing saga surrounding Ubisoft, shares, and ongoing crisis continues. Recently, one of Ubisoft's investors, hedge fund AJ Investments, openly criticized the company’s leadership, accusing it of inefficiency. While the fund only holds 1% of Ubisoft's shares, other shareholders are gradually leaning toward its position.
AJ Investments announced that it has already gained the support of 10% of Ubisoft’s shareholders and is currently talking with investment firms to push for the acquisition of the company.
Ubisoft’s shares has plummeted by over 30% Assassin’s Creed Shadows will be launched three months later than expected. The company was already in a weak position due to the disappointing performance of Star Wars Outlaws. Compared to last September, stock price of the company have fallen by about 65%, lagging behind competitors.
The delay of Assassin’s Creed Shadows is just one in a series of setbacks for Ubisoft. One of the best examples is that Star Wars Outlaws underperformed in European sales in August, trailing behind Grand Theft Auto V, a game released back in 2013.
Main image: steampowered.com
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