Ubisoft had a relatively quiet year in 2022. The company is currently in a slump and is rumored to be looking for buyers or mergers. However, things aren't going the French game developer's way.
Insider Jeff Grubb has reported that Ubisoft is looking for potential partners for acquisitions or mergers. Grubb reveals that companies have "laughed at" during meetings with potential buyers.
Ubisoft definitely already did the rounds proposing acquisitions and mergers with other similar companies, and it mostly got laughed at," Grubb tweeted. "It's just too unwieldy. Its strength was its distributed development structure, and now that is an albatross."
He adds, "I hope it tries to ride it out because I think it might hold onto more people than if it tried to "slim down" for an M&A. Either way, though, it seems grim. Making games is a rough business."
The rumors of the acquisition come after news broke out that Ubisoft has delayed Skull and Bones for the nth time. The same reports indicate that the developer has canceled three unannounced projects that it has been working on for the past year. This is on top of the four canceled projects from last year. All of this info is from financial reports, which also revealed that Assassin's Creed Mirage is just one of the few confirmed Ubisoft titles that's coming out this year.