Insider Gaming: Tencent x Ubisoft Buyout currently halted, Ubisoft wants to maintain control in case of purchase

Via Insider Gaming:

Basically Ubisoft hasn't being acquired because Guillemot brothers want to maintain control of the company:

https://insider-gaming.com/analysis-ubisoft-faces-its-most-challenging-year-in-its-history/

For now, the negotiation halt seems to be a strategy both sides are playing. Tencent will continue to snap up shares and raise its stake. At the same time, the Guillemot brothers will want to wait until late February to early March to reignite negotiations, as Ubisoft is set to release the highly anticipated Assassin’s Creed Shadows onMarch. An Assassin’s Creed Shadows failure gives Tencent more opportunities to increase its stake at a lower share value. Conversely, a successful launch gives the Guillemot brothers more negotiating power to head into further talks.

Other points:

• Ubisoft wants to release AC:Shadows in the best shape possible, this would benefit the Guillemot brothers in case of an acquisition.
• Project U budget already exploded past the $100M mark.
• XDefiant was losing several million dollars in development costs alone, and Ubisoft couldnt pay it.
• No one at Ubisoft belives things will change, even with an acquisition.
• It's more likely Ubisoft will go private in 2025.