AC: Shadows: Investors suing Ubisoft over Tencent deal

[jmac2007]

I don't get it? AC; Shadows is a success right? Shareholders should be celebrating and enjoying UBISOFT's success. Employees should be celebrating their upcoming bonuses and free lates. UBISOFT is saved!

Yet: Shareholders are getting ready to sue over Ubisoft hiding information, especially in particular to Microsoft and EA possibly buying the IP instead of Tencent deal.
(March 12th)

And now reported: AJ Investments issued an open shareholders letter to Ubisoft urging to open legal proceedings regarding their Tencent deal.

The stock has dropped 24% since the deal was announced.

[Anticitizen 1]

Първоначално публикувано от WolfEisberg:

- Ubisofts history is to just say players, regardless of success or lack of success. They did the same thing with Vahala which has been their most successful game in their history.
?

I am not going to waste time debunking the rest of your coping session but this is just plain wrong. Both Odyssey and Valhalla had sales numbers released and not "players". I guess when the gane is actually successful, the publisher isn't ashamed to flaunt the sales numbers, who woulda thunk it!

[WolfEisberg]

Първоначално публикувано от Gamefan:

Първоначално публикувано от Tijger:

The grifter who pocketed a million dollars 9 years and stil hasnt got a game out you mean?

Nah, not likely he was right.

He was right! The game failed. They started firing the devs who made it and now the shareholders are suing because UBISOFT committed fraud and lied about sales! It’s all falling apart and the only reason you are screaming he is wrong is because you hate him so much you would rather there be no games than to accept the audience may be right and Ubisoft may be wrong

The studio that closed was closed back in January, before the game released.

https://www.eurogamer.net/ubisoft-announces-studio-closure-as-it-lays-off-185-staff

The investors are not taking legal actions for what you are claiming. They aren't suing Ubisoft at all. What you said there is false

https://insider-gaming.com/investors-demand-ubisoft-to-renegotiate-tencent-deal/

Anything else you want to say that is factually untrue?

[WolfEisberg]

Първоначално публикувано от Anticitizen 1:

Първоначално публикувано от WolfEisberg:

- Ubisofts history is to just say players, regardless of success or lack of success. They did the same thing with Vahala which has been their most successful game in their history.
?

I am not going to waste time debunking the rest of your coping session but this is just plain wrong. Both Odyssey and Valhalla had sales numbers released and not "players". I guess when the gane is actually successful, the publisher isn't ashamed to flaunt the sales numbers, who woulda thunk it!

Prove it, show sales numbers from Ubisoft for with in 1 week of release of both of those games.

You can't debunk everything else I said because what I said is factuall

[Anticitizen 1]

Първоначално публикувано от WolfEisberg:

Първоначално публикувано от Anticitizen 1:

I am not going to waste time debunking the rest of your coping session but this is just plain wrong. Both Odyssey and Valhalla had sales numbers released and not "players". I guess when the gane is actually successful, the publisher isn't ashamed to flaunt the sales numbers, who woulda thunk it!

Prove it, show sales numbers from Ubisoft for with in 1 week of release of both of those games.

You can't debunk everything else I said because what I said is factuall

https://www.vgchartz.com/

I didn't know that google search was a lost art but here we are....

[WolfEisberg]

Първоначално публикувано от Anticitizen 1:

Първоначално публикувано от WolfEisberg:

Prove it, show sales numbers from Ubisoft for with in 1 week of release of both of those games.

You can't debunk everything else I said because what I said is factuall

https://www.vgchartz.com/

I didn't know that google search was a lost art but here we are....

VGChartz are estimates, not official numbers provided by dev/pub of games You need to provide announcements from Ubisoft. You claimed Ubisoft released sales numbers, you didn't provide proof for that at all.

[Pönnukaka]

Първоначално публикувано от WolfEisberg:

Първоначално публикувано от Anticitizen 1:

The game is such an amazing success (according to slop enjoyers) that:
- Ubislop stock keeps tanking since its release
- Ubislop is closing a studio down in UK
- Ubislop had to create a new subsidiary with its only valuable IPs and then sell a quarter of it to Tencent just to keep afloat
- No sales released just "players"
- No revenue numbers
- Extremely low steam playercount
- No word on concurrent playercount on other platforms

So yeah, as I was saying, an "amazing" success story for Ubislop.

- Ubisofts stock was going up after release when they announced 3 million players

- Ubisoft announced they shutting down the UK office back in January, 2 months before release. Uk office shutdown has nothing to do with Shadows release

- new subsiderary created just a matter of days after release. These kids of plans and deals don't happen that fast, this was in the process long before the release of Shadows.

- Ubisofts history is to just say players, regardless of success or lack of success. They did the same thing with Vahala which has been their most successful game in their history.

- Ubisoft has never released revenue numbers this soon after release of any of their games regardless of success. We didn't hear about Vahala revenue numbers until like a year or so later, again being the most successful game in their history.

- Steam player count means nothing. Their player counts for all the previous games were low to on Steam, yet those game were still successful.

- Ubisoft has never shared player count on a per platform basis regardless of success of their games.

Anything else you want to be wrong about?

Since the game came out they dropped 20% in their stock.

Questions?

[Bubblegum Flavour]

Първоначално публикувано от Jom:

Първоначално публикувано от Bubblegum Flavour:

I thought that influx in mediocre large titles and selling stock to ten-cent was their way of defending against Vivendi.

You are correct, that was Vivendi vs Tencent 2018. And Ubi entered an agreement to buy back 3.000.000 shares from Vivendiuntil 2021 for 66$/share which they didn't do and extended the buyback phase a year and another year, last time about 3 days before the tencent deal, which is probably another lawsuit incoming, because that's about another 200 million owned, the Ubi Owner family seriously tries to avoid paying.

Yeah I am no expert, I am just saying to me it looks like its either still a fallout of that takeover attempt or the threat isnt over and Vivendi is still at it, maybe they were hoping for this all along ;p I dont think anyone can know for sure what is going on ;p

[Noeat]

Първоначално публикувано от jmac2007:

AC: Shadows: Investors suing Ubisoft over Tencent deal

link on that case, or any source for this claim?

[Bubblegum Flavour]

Първоначално публикувано от Noeat:

Първоначално публикувано от jmac2007:

AC: Shadows: Investors suing Ubisoft over Tencent deal

link on that case, or any source for this claim?

Probably americans, they sue everyone all the time, not that it matters ;p

[WolfEisberg]

Първоначално публикувано от Pönnukaka:

Първоначално публикувано от WolfEisberg:

- Ubisofts stock was going up after release when they announced 3 million players

- Ubisoft announced they shutting down the UK office back in January, 2 months before release. Uk office shutdown has nothing to do with Shadows release

- new subsiderary created just a matter of days after release. These kids of plans and deals don't happen that fast, this was in the process long before the release of Shadows.

- Ubisofts history is to just say players, regardless of success or lack of success. They did the same thing with Vahala which has been their most successful game in their history.

- Ubisoft has never released revenue numbers this soon after release of any of their games regardless of success. We didn't hear about Vahala revenue numbers until like a year or so later, again being the most successful game in their history.

- Steam player count means nothing. Their player counts for all the previous games were low to on Steam, yet those game were still successful.

- Ubisoft has never shared player count on a per platform basis regardless of success of their games.

Anything else you want to be wrong about?

Since the game came out they dropped 20% in their stock.

Questions?

It was trending upwards as they announced the player numbers, with a big spike on the day they announced the 3 million number. The later that day, after stock market closed, Ubisoft announced the new Subsiderary with Tencent deal, and the next day when the markets opened the stock nose dived. So the game was helping the stock increase, but the new subsiderary deal made the stock decrease.

[WolfEisberg]

Първоначално публикувано от Noeat:

Първоначално публикувано от jmac2007:

AC: Shadows: Investors suing Ubisoft over Tencent deal

link on that case, or any source for this claim?

https://insider-gaming.com/investors-demand-ubisoft-to-renegotiate-tencent-deal/

They are wanting the French courts force Ubisoft to renegotiate a better deal with Tencent on the new subsiderary, and wanting investors to get to vote on what the deal would be.

[brisket]

i don't.. care?

[Anticitizen 1]

I note that the Ubislop stock continues to slump (-7.7% today) and today it hit 10 Euro for the first time since 2013.

[AP0THICx]

Първоначално публикувано от WolfEisberg:

Първоначално публикувано от Noeat:

link on that case, or any source for this claim?

https://insider-gaming.com/investors-demand-ubisoft-to-renegotiate-tencent-deal/

They are wanting the French courts force Ubisoft to renegotiate a better deal with Tencent on the new subsiderary, and wanting investors to get to vote on what the deal would be.

Surely if the contract is signed and *sealed* they cant?

Unless it hasnt yet

[RedCelt]

1 - Minority S/Hs want a 100% sale of the 3 IPs

Renegotiate the Tencent Deal – This transaction must be restructured into a direct asset sale to Tencent for no less than €4 billion, the valuation already accepted by both Tencent and Ubisoft’s board. At the moment, shareholders have no clarity how the deal that was announced last week will eventually benefit shareholders of Ubisoft.

2 - They want proceeds of the sale to go to them

Distribute an Extraordinary Dividend – Following the sale, Ubisoft shall return €23 per share in cash to shareholders (totalling €3 billion), while preserving €1 billion to cover remaining corporate net debt.


The 25% deal is not attractive to potential investors because they simply get nothing out of it.
Large hedge fund investors have been selling stock due to Ubisoft proposing to only allocate 500 mill to existing 1bill debt.

It is a matter of investors being snubbed by the 25% deal