One of Ubisoft’s investors urged the company to take the business private or sell it to a strategic investor. This led to another drop in the share price, VGC writes.

The company’s share price dropped by almost 10% and settled at EUR 13.67 at the close of trading. Over the past 12 months, it has fallen by more than 50% and is now close to a ten-year low.

The news about the possible closure of the multiplayer shooter XDefiant and the failed release of Star Wars Outlaws caused a significant drop in shares.

Hedge fund AJ Investments has published an open letter calling for strategic and structural changes at Ubisoft. He called on the board of directors to consider taking the company private, “implement a comprehensive cost-cutting program and optimize staffing levels to align with industry leaders,” focus on key intellectual assets, and consider replacing the current CEO Yves Guillemot.

According to The Wall Street Journal, the Slovakian company AJ Investments owns less than 1% of Ubisoft shares.

The creative director of Star Wars Outlaws said that he was “a little disappointed” with the game’s ratings and that the developers plan to continue working on the game in future updates.