BIS

Tencent and Guillemot Family Consider Strategic Asset Venture for Ubisoft

2 months ago

In a significant development that could reshape the landscape of the gaming industry, Tencent Holdings Ltd. and the Guillemot family, the majority shareholders of Ubisoft Entertainment SA, are reportedly exploring the potential for a strategic asset partnership. This collaboration could open new avenues for Ubisoft, as both parties seek to craft a mutually beneficial arrangement amidst a challenging market environment.

Growing Opposition to BIS Innovation Hub Signals Central Bank Concerns

2 months ago

In an emerging response to the burgeoning influence of the Bank for International Settlements (BIS) Innovation Hub, central banks globally are voicing their discontent. The BIS, often referred to as the "central bank for central banks," has been ramping up its efforts to spearhead innovations in financial technology and digital currency through its dedicated hub. However, a significant faction within the global central banking community is starting to question the implications of this push for innovation.

Ubisoft Explores Strategic Options Amid Buyout Interest

2 months ago

In a significant turn of events for the video game industry, Ubisoft Entertainment SA has engaged financial advisors to evaluate potential options following mounting interest in a buyout. This initiative comes as the French gaming giant looks to navigate the changing landscape of the video game market, where competition is intensifying and mergers are becoming increasingly common.

Mitsubishi Electric Considers Strategic Alliances in Power Chip Sector

3 months ago

In a significant move that could reshape the landscape of Japan's semiconductor industry, Mitsubishi Electric is reportedly exploring potential partnerships and alliances focused on the development of power chips. This initiative comes amid an increasing demand for advanced semiconductor technologies, which are critical for various applications including electric vehicles, renewable energy systems, and industrial automation.

Strife in Florida: Ken Griffin and Ron DeSantis Take on Trump and the "Pot Daddy" in Cannabis Battle

4 months ago

In a dramatic clash of titans over the burgeoning cannabis industry in Florida, hedge fund billionaire Ken Griffin has joined forces with Governor Ron DeSantis to confront the growing influence of former President Donald Trump and his imminent endorsement of a rival cannabis entrepreneurial figure known as the "Pot Daddy." This showdown not only reflects the fierce competition within the state's cannabis market but also highlights the intricate web of political alliances and confrontations as the 2024 presidential race approaches.

Ubisoft Shares Surge Amid Buyout Speculations; EU Targets Chinese EVs with New Tariff Strategy

5 months ago

It has been a dramatic week for the video game developer Ubisoft, whose share prices surged in speculation on a possible buyout of the company. The change in events has triggered excitement within the industry, as analysts and investors speculate on who would have any interest in taking over the gaming behemoth responsible for game hits such as "Assassin's Creed" and "Far Cry.".

Ubisoft Needs the Next Assassin's Creed to Be a Hit

5 months ago

French video game powerhouse Ubisoft Entertainment SA is placing heavy bets on this year's most-anticipated release, "Assassin's Creed Mirage." The new installment of the beloved franchise is crucial to the future of the company as it struggles to get back on its feet after a series of underwhelming performances and internal challenges.

Ubisoft Faces Analyst Backlash as Shares Plummet to Decade Low

5 months ago

This has put French video game giant Ubisoft Entertainment SA under immense pressure after a stark warning saw the company's stock plummet. On September 26, 2024, Ubisoft shares fell to their lowest level in ten years, spurring an outcry from financial analysts and investors alike.

Ubisoft Delays Next Assassin's Creed Game, Cuts Bookings Outlook

5 months ago

Ubisoft Entertainment SA announced the delay of one of its most awaited video games, entitled Assassin's Creed: Shadows. This surprise move has led the French video game publisher to slash its booking outlook for the fiscal year. This has turned out to be a surprise for a video game whose launch was seen to be imminent in the coming quarter and had left investors and fans disappointed. Worth noting is that Ubisoft named extra development time as the cause for such delay, desirous that the game should meet the high bar that people expect from the Assassin's Creed brand.