Ubisoft Shares Surge Amid Buyout Speculations; EU Targets Chinese EVs with New Tariff Strategy
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.".
Continue readingUbisoft Needs the Next Assassin's Creed to Be a Hit
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.
Continue readingUbisoft Faces Analyst Backlash as Shares Plummet to Decade Low
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.
Continue readingUbisoft Delays Next Assassin's Creed Game, Cuts Bookings Outlook
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.
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