Ubisoft: takes note of recent speculation about the company

(CercleFinance.com) - Ubisoft announced this morning that it has taken note of recent press speculation concerning potential interests in the company.


Management says it regularly examines all its strategic options in the interests of its stakeholders and will inform the market in due course, if necessary.

It said that "The Company reiterates that management is currently focused on executing its strategy, centered on two core verticals - Open World Adventures and GaaS-native experiences".

The stock soared on Friday (+34%) after Bloomberg reported that the Guillemot family, associated with TENCENT, was considering various options, including a delisting, Invest Securities points out this morning.

In view of the company's operational difficulties (cf. September profit warning), which have accentuated the stock market slump (-38% YTD, -73% over 3 years), a delisting could enable the company to be turned around with fewer constraints, Invest Securities says.


Copyright (c) 2024 CercleFinance.com. All rights reserved.