Ubisoft is having a rough period. XDefiant is not performing as hoped, Star Wars Outlaws did not bring the necessary success as critics and community have not given a warm welcome to it.

The Slovak hedge fund AJ Investments has published an open letter calling for strategic and structural changes at Ubisoft. The fund made this appeal in response to the declining value of the company's shares.

The fund urges consideration of making Ubisoft a private company, focusing on the development of core franchise games, and implementing a large-scale restructuring to reduce expenses. One of the suggested steps is to question the continued role of Yves Guillemot as CEO.

AJ Investments expressed concerns about Ubisoft's future, noting that the company's stock has dropped by more than 50% over the past year, nearing a ten-year low.

Ubisoft share priceImage: google.com

AJ Investments owns less than 1% of Ubisoft's shares. Following the publication of the hedge fund's open letter, the Ubisoft stock price fell by another 7%.

Main image: reddit.com

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