Assassin's Creed Shadows

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Ukerric

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Not exactly sounding like the moves a company whose new gaming is selling well would make.
View attachment 579834
Grummz explains it somewhat.

All the real values of Ubisoft is now in the subsidiary. The old Ubisoft can now go bankrupt, be forced to sell their subsidiary stock (to Tencent), and leave the old stockholders holding the crumbs after the Guillemot take their golden parachutes.
 
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Tasty The Treat

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Grummz explains it somewhat.

All the real values of Ubisoft is now in the subsidiary. The old Ubisoft can now go bankrupt, be forced to sell their subsidiary stock (to Tencent), and leave the old stockholders holding the crumbs after the Guillemot take their golden parachutes.
Thing is, isn't that illegal? Sounds like they could be setting themselves up for a massive lawsuit.
 

Bald Brah

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Letting 10 cent take over sounds like a great way to fire all the woke western devs outright and let Asian coders do all the grunt work without injecting blacks and women into everything and ruining their next title. The blue haired DEI hires are about to get sent packing.
 
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pwe

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Letting 10 cent take over sounds like a great way to fire all the woke western devs outright and let Asian coders do all the grunt work without injecting blacks and women into everything and ruining their next title. The blue haired DEI hires are about to get sent packing.
From u-b-soft to u-b-hard when you see our trailers.

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Ambiturner

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Thing is, isn't that illegal? Sounds like they could be setting themselves up for a massive lawsuit.

Doubt it. They've been circling the drain since their last game flopped and everyone knew they were going to be fucked when this inevitably failed also.

Anyone blind sided by this deserves to lose their money
 

Ritley

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Assassin's Creed peaked with Black Flag. Ubisoft peaked with Black Flag.
I really liked Odyssey, right up there with Black Flag and AC2 for me. AC 3 was fucking awful though, and Valhalla was a massive disappointment.
 
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Tasty The Treat

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Doubt it. They've been circling the drain since their last game flopped and everyone knew they were going to be fucked when this inevitably failed also.

Anyone blind sided by this deserves to lose their money
I mean it sounds like they're committing "tunneling" but then again I'm no corporate lawyer.
 

Aazrael

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Was talking to a younger work mate of mine and asked if he was getting ready for PoE2 (he played a lot of 0.1 but is a real casual player).

"Oh is it out next week? No I got to play Shadows, YASKKKKEE!!!"

Normie gamers are a sad breed.
 

Utnayan

F16 patrolling Rajaah until he plays DS3
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Fucking hilarious. This moron who works for Ubisoft thinks it’s a felony to get discounted shares in an employee stock purchase program and also was a fucktard and invested bonus cash into Ubisoft Stock which even my dog knows you’d be better burning the cash into a bonfire with the trajectory of this shit hole of a company in the last 5 years.

Holy FUCK are these idiots clueless!
 
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spronk

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its not insider trading to offer options/shares to employees at discounted rates, its pretty much how silicon valley, biotech, wall street, etc all run. anyone who thinks thats insider trading seems kinda too retarded to making predictions. employees enter into restricted trading windows where they aren't allowed to trade shares before/right after earnings calls, and management has to file forms before big sales so govt can track if they are trading on insider info (after the fact).

that is hilarious though ubisoft employees actually thought their stock would go up and bought into it, most of the time you get super discounted shares but you still have to pay in, like if the stock is worth $10 you may get options to buy at $1 so if you were given a grant of 25k shares (usually vest over 4 years) you'd have to pay $25k to get those shares, and then could immediately sell at $250,000 ($10/share). of course it can easily drop below $1 a share making your options worthless, which is what usually happens with shitty tech companies.

Its why companies like Intel are having a hard time with retention, most options/bonuses for employees the last few years are completely under water but usually you don't actually hold, you exercise and sell immediately and always get a profit, you have to have a special brand of retard to think holding is a good idea.
 
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jayrebb

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Its why companies like Intel are having a hard time with retention, most options/bonuses for employees the last few years are completely under water but usually you don't actually hold, you exercise and sell immediately and always get a profit, you have to have a special brand of retard to think holding is a good idea.

HODL crypto meme probably influenced his decision to hold the stock.
 

Heian

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Bonus wise it's a % of your salaries per years you worked on a game and it depend on you title/job. There is a bit of luck involved. Usually it's quite generous. If the game made double profit you would get double bonus. (most game studio have something like this.)

Then there are stock given to employees. I don't think they give it anymore. At least not for quite a while. (Like 5 years ago.) I don't think many employees hold on theses anymore.

Then there was a stock option program when vivendi tried to buy Ubi. This was incredibly lucrative for the first 2-3 years years. (Employees bought share at a discounted price and you had to wait 5 years. They did an average price during that 5 year window if I recall properly and there was a limit you could invest.) It still exist but I don't know about it's popularity. If you missed the window to retract thoses share would become "normal share" and then you would lose quite a bit of money. The window were hard to miss. I might not recall properly... it's been a while.
 
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Ambiturner

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I mean it sounds like they're committing "tunneling" but then again I'm no corporate lawyer.

It'd be one thing if they were a healthy company or they were hiding the fact that they were going under, but a failing company that everyone saw coming from a mile away getting what it can out of the sinking ship isn't the least bit shady.

What's their alternative?
 

pwe

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Testing text rendering of OpenAI's new model. Impressive. I thought it would fit right in here, instead of AI images thread.

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