This wouldn't be a big deal to gamers in the short to medium term. Taking the company private would provide more flexibility in the short term (less focus on quarterly and annual results), but would likely leave it loaded with debt. That, in turn, leads the company back to a position similar to the current state where they need to push content regularly to generate cash flow.

The PE guys won't want to hold onto the business forever. So, they'll take it public again or sell it to someone else within a decade or so.

The private equity will layoff as many people as they can, cut corners, sell any buildings owned and lease them back, paying their dividend owners all the money back from selling any property, sign employees to non compete contracts and force them to work even more hours to pump out as many products as possible to improve the AUM so they can sell it off for a huge return in 2-5 years.

Would be better than Sony or MS I guess. Doubt many can sustain that sheer amount of employees without layoffs. If Amazon is serious about gaming, maybe they can swoop in. Weirdly enough I've been getting into Ubi games pretty much at the worst time, before I wouldn't care, but now I'm at least interested.

Stopped caring about Ubisoft honestly.

AC Valhalla was not nearly as good as Origins and Odyssey.
Watch Dogs Legion is the worst game in the series.
Beyond Good & Evil 2 is vaporware.
Skull and Bones might be vaporware as well. It's at least 4-5 years behind schedule.
Rainbow Six Extraction isn't nearly as successful as Siege.
Ghost Recon is pretty much dead after Breakpoint.
Far Cry 6 is the worst rated in the series and in dire need of some fundamental changes.
Rayman is one of their best IPs but doesn't sell and thus is pretty much dead.
Just Dance is only a shadow of its former self.
Prince of Persia remake got huge fan backlash.
Their F2P Battle Royale Hyper Scape is already dead.