AJ Investments urges Ubisoft to go private, WSJ reports

Slovakia-based hedge fund AJ Investments, which holds less than 1% in Ubisoft, sent a letter to the game maker’s management saying it was unsatisfied with the current performance and strategic direction of the company, noting that it wants the company to go private, the Wall Street Journal’s Mauro Orru and Christian Moess Laursen reported Monday. Juraj Krupa, founder and chief executive of AJ Investments, said in the letter that he wanted investors to feel some kind of wake-up call, adding that Ubisoft should go private and urging the Guillemot family not to block a sale process, the authors say. The firm also called for the installment of a new CEO willing to weigh the sale of certain development studios and cut staff in an effort to reduce costs, the authors note.