Ubisoft shares skyrocket 30% after report Tencent, Guillemot family considering buyout
Summary
The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024. Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firms founding Guillemot family are considering a potential buyout of the company. Bloomberg News reported Friday that Tencent and the Guillemot family, which are both minority shareholders of Ubisoft, are considering a buyout among other options after the company lost more than half its market value this year. Shares of Ubisoft were last trading around 30% as of 3:20 p.m. London time. This is a breaking news story.
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