AJ Investments, a shareholder holding less than 1% of Ubisoft’s shares, has accused the company of failing to disclose meetings with Electronic Arts (EA) and Microsoft regarding potential acquisitions of Ubisoft’s intellectual properties (IPs).
Juraj Krúpa, CEO of AJ Investments, criticized Ubisoft’s management for not appropriately communicating these discussions to shareholders. In response, Ubisoft stated that its board has established an independent committee to oversee a formal process aimed at maximizing value from its assets and franchises, and will inform the market if a transaction materializes.
To express their dissatisfaction, AJ Investments is planning a protest outside Ubisoft’s Paris headquarters in May. The company has previously faced financial challenges, including layoffs and studio closures, and is currently dealing with the underwhelming performance of “Star Wars Outlaws.”
In a statement given to IGN, Ubisoft restated its past messaging that reviews of strategic and capitalistic options is ongoing at the company.
“The Board has established an ad-hoc independent Committee to oversee this formal and competitive process, so as to extract the best value from Ubisoft’s assets and franchises for all stakeholders,” the company said. “Ubisoft will inform the market in accordance with applicable regulations if and once a transaction materialises.”
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