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Bloomberg news reported that Tencent and Guillemot family —
minority stakeholders in Ubisoft — have been discussing ways to
stabilize the company after it lost more than half its market
value this year. Shares surged 33.5% to about $15.57 Friday,
according to FactSet.
Ubisoft declined to comment. Tencent did not immediately respond
to a request for comment.
France-based Ubisoft is the publisher behind the well-known
franchise “Assassin’s Creed.” Ubisoft’s shares fell last month
to their lowest point in more than a decade after its latest
title “Star Wars Outlaws” underperformed and the company
announced that it would delay the latest “Assassin’s Creed”
game.
Yves Guillemot, Ubisoft’s CEO, said in a statement last week
that the company’s “second quarter performance fell short of our
expectations.”
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