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Ubisoft and Tencent considering buyout, taking the company private - report
(www.eurogamer.net)
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this post was submitted on 04 Oct 2024
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For anyone not following this - they're getting cased by venture capital. Some billionaire assholes are trying to use EU laws about minority shareholder rights to fire enough executives that they can just buy the entire company and fire half the employees. Tencent's investment came with the agreement they could not fuck with existing leadership. They are, somehow, the good guys.
It's three separate groups of greedy assholes, each awful in their own way, and honestly the least-shitty outcome of this slapfight is if very little changes.