Ubisoft under fire from a shareholder regarding non-disclosure of IP acquisition meetings

A shareholder in Ubisoft reportedly accused the company of failing to disclose alleged IP acquisition talks with other companies like Microsoft, Electronic Arts, and more. In order to show the dissatisfaction, the CEO of AJ Investments, ‘Juraj Krúpa’, is planning a protest outside the company’s Paris headquarters which already saw a massive worker strike last month.

Talking to IGN, Krúpa claimed that the company is ‘horribly mismanaged’ and demands a clear roadmap to address the ‘declining shareholder value, lackluster operational execution, and failure to adapt effectively to market trends. Even the deal regarding Assassin's Creed Mirage DLC was also kept silent.

“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,” Ubisoft said in its response further adding, “Ubisoft will inform the market in accordance with applicable regulations if and once a transaction materialises.”

Krúpa ready to take legal action against Ubisoft

The CEO said that AJ Investments is ready to sue Ubisoft for misleading investors, however, at the moment, Krúpa is calling out the other investors to join their protest in May against the management for a ‘lack of decisive action’ against dropping stock.

Krúpa is aware of Ubisoft’s plan regarding strategic plans moving forward so the protest is being held off for a while as the financial review can help increase the shareholder value. If that remains the case the protest will be called off, or else everything will continue as planned, including the legal action against Ubisoft.

Also Read: French Union puts video game bundle to support game devs on strike

Assassin’s Creed Shadows may help Ubisoft recover

Releasing within a week, Assassin’s Creed Shadows is also going to play an important role and can be a key item for the company in determining its course of action moving forward. CEO of Ubisoft has claimed the pre-orders look very good and are in line with what they expected. Good sales numbers will automatically raise shareholder confidence in the company.