Ubisoft has appointed advisors to explore strategic options, potentially related to a buyout, while delaying the release of Assassin’s Creed Shadows to March 20. Tencent may pursue a private takeover, holding 9.99% of Ubisoft's stake. The company has downgraded its financial outlook due to a decline in revenue and profit margins, expecting lower net bookings for the fiscal year 2025. Ubisoft reported a negative cash flow and plans significant cost reductions.