Private companies are just as capable of making bad decisions as public ones. You just hear about them less due to scale. The same people will still be in charge at Ubisoft if this happens, and they’re used to making money a certain way. This move would just be to prevent someone else from taking over the company.
This one also got dinged in reviews for technical performance issues, and there were some changes they made to the art direction, so this isn’t strictly speaking a “better” version of that game.