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Ubisoft says it can stay independent, but ‘would review any buyout offers’ | VGC
CEO Yves Guillemot responds to speculation the Assassin's Creed publisher could be sold…
Asked in an earnings call on Thursday if Ubisoft believed it would be able to guarantee access to the various gaming platforms it releases its games on in the future, should it resist any of the consolidation happening in the industry, CEO Yves Guillemot said he believe it would.
“We will continue to have access to all of those platforms because all the platforms need great content. If we are continuing to do great content like we do today, we will be able to access all of those platforms,” he said.
“If we look at Nintendo… we are the number one third-party publisher on it. Nintendo is interested in everything we do and [we are] even developing games with their brands, so the collaboration exists and it is very fruitful.”
The exec said he believed Ubisoft could remain independent but that any offers to buy the company would be reviewed in the interest of its stakeholders.
“We have always taken decisions in the interest of our stakeholders, which are our employees, players and shareholders. Ubisoft can remain independent: we have the talent, the financial scale, and a large portfolio of original IPs,” Guillemot added.
“Having said that, if there were an offer to buy us, the board of directors would of course review it in the interest of all stakeholders.”
CFO Frédérick Duguet added later in the call: “We will not speculate on why people haven’t made any offer”. Guillemot added: “Or if any offer was made.”
Duguet continued: “What we can say is we have high-value assets, we have the scale to remain independent and create very meaningful value in the future, because we have scale in terms of our workforce, engineering, technology, IPs and engaged communities.
“That’s why we are able to serve so many platforms today with such high-quality content… Of course we won’t speculate any more on any potential interest in buying Ubisoft.”