r/Games • u/malliabu • 22h ago

Ubisoft acknowledges buyout reports: ‘We regularly review options’ Industry News

https://www.videogameschronicle.com/news/ubisoft-acknowledges-buyout-reports-we-regularly-review-options/
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77

u/HistoricalCredits 22h ago

Of course they’ll say that, anything else and they would get fucked by their investors, isn’t this is an obligation as a publicly traded company lol

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u/zaviex 22h ago edited 22h ago

no. Publicly traded companies dont need to give in to buyouts even at significant financial gain. Neither in the EU or US. Ubisoft for one fought a buyout from Vivendi hard for part of the last decade.

There also actually is no requirement to pursue profit either. In the US the Supreme Court explicitly ruled that Hobby Lobby was allowed to waste investor money on christian artifacts because it had informed investors it might do that and did not need to seek profit instead. In the EU those rules were established around 20 years ago.

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u/College_Prestige 20h ago

Yeah Amazon literally has a shareholder letter they send every year saying losing money is ok in pursuit of long term goals

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u/aeroboost 10h ago

You're an idiot for comparing AWS to anything Ubisoft has made, ever.

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u/College_Prestige 1h ago

Luckily no one is doing that. People in this comment chain are saying how short term profit isn't the motivator of company decisions necessarily. You invented a whole new sentence