A minority shareholder in Ubisoft, AJ Investments, led by CEO Juraj Krúpa, is organizing a protest outside the company's Paris headquarters. Krúpa accuses Ubisoft of mismanagement and lack of transparency, particularly regarding alleged discussions with Microsoft, EA, and other publishers interested in acquiring its franchises. He claims Ubisoft has not disclosed these discussions, nor a partnership for an Assassin's Creed Mirage DLC with the Saudi investment firm Savvy Group.
Krúpa's statement criticizes Ubisoft's management for failing to provide a clear recovery plan amidst declining shareholder value, poor operational execution, and inadequate adaptation to market trends. He highlights the repeated delays of Assassin’s Creed Shadows, initially set for release on November 15, 2024, but postponed to March 20, 2025, leading to significant stock declines that primarily affected retail investors.
Ubisoft's ongoing challenges include high-profile flops, layoffs, studio closures, game cancellations, and delays. Rumors suggest that the Guillemot family and shareholder Tencent have discussed taking the company private, though these talks were exploratory. Recent reports indicate that Tencent may be hesitant to proceed due to the Guillemots' desire to retain control.
AJ Investments is urging all frustrated shareholders to join the May protest, demanding transparency and accountability from Ubisoft's management. They are prepared to sue the company for misleading investors and have previously called for Ubisoft to go private following the disappointing performance of Star Wars Outlaws.
IGN has reached out to Ubisoft for comment on these allegations and developments.
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