Video game group Ubisoft has appointed advisers to pursue “transformational” options for its business, as it again delayed the release of one of its marquee titles.
Ubisoft said Thursday that Assassin’s Creed Shadows, the upcoming instalment of its popular franchise, would be released on March 20.
The Paris-based company, which has sought to cut costs and jobs to right the ship, said it had appointed advisers to “review and pursue various transformational strategic and capitalistic options”. In October, the company said it was reviewing all strategic options following reports Tencent, the world’s biggest video game maker, was exploring a buyout.
Ubisoft also said lower than expected holiday sales meant bookings in its third quarter were now expected to be about €300mn. Net bookings for fiscal year 2024-25 were now expected to come in “around” €1.9bn, below analysts’ forecasts.
