Key Takeaways
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- Ubisoft has suspended trading of its shares and bonds due to the anticipated delay in releasing first-half results, potentially hinting at a major announcement such as an acquisition or further accounting issues.
- The company is undergoing significant internal restructuring, including a new operational model based on Creative Houses and the establishment of Vantage Studios to manage key franchises like Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. Tencent invested €1.16 billion in Vantage Studios, securing a 25% stake.
- The internal changes and strategic realignments, along with the recent delay in financial results, have led to a drop of 49% in Ubisofts shares in Paris this year.
- Ubisoft has postponed its investor call, originally scheduled for Thursday night, aiming to minimize speculation and market volatility while finalizing its semester closing.
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Ubisoft Suspends Trading Ahead of Anticipated Delayed Results and Potential Major Announcement
Ubisoft requested Euronext to suspend trading of its shares and bonds starting Friday, a pause expected to last until the company releases its delayed first-half results, anticipated within the next week. The company also postponed its investor call, originally scheduled for Thursday night. According to an internal memo, CFO Frederick Duguet stated the trading suspension aims to minimize speculation and market volatility while the company finalizes its semester closing. This delay has prompted speculation about a potential major announcement, such as an acquisition or further accounting issues.
Ubisoft’s Internal Overhaul and Vantage Studios Investment Affect Stock Amid Delayed Results
This announcement comes amidst significant internal restructuring at Ubisoft. In July, Ubisoft announced a new operational model based on Creative Houses, designed to streamline operations and improve efficiency. Separately, in March, the company established Vantage Studios to manage the intellectual property of its three main franchises: Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six. Tencent subsequently invested €1.16 billion in Vantage Studios, acquiring a 25% stake. Ubisoft retains control of Vantage Studios, with Christophe Derennes and Charlie Guillemot, son of CEO Yves Guillemot, serving as co-leaders. Ubisoft’s shares in Paris have fallen by 49% this year, reflecting the challenges posed by these internal changes, strategic realignments, and the recent delay in releasing financial results.
In Case You Missed It
In our latest gaming roundup, we’re diving deep into the world of Assassin’s Creed with Sophie Laurent’s insightful exploration of Ubisoft’s internal stance on criticisms and controversies surrounding Shadows’ representation of Japanese culture. Published on November 7th, “Assassin’s Creed Shadows: Here’s What Ubisoft Says Internally About Haters and Controversy” offers a fascinating behind-the-scenes look at how the company navigated these challenges Assassin’s Creed Shadows: Here’s What Ubisoft Says Internally About Haters and Controversy. Meanwhile, Jonathan Dubinski has just published a comprehensive rundown of over 20 new games joining NVIDIA’s GeForce NOW service this November. Among the anticipated titles like Call of Duty: Black Ops 7 and Virtua Fighter 5 R.e.v.o., you’ll find Europa Universalis V and Whiskerwood, among others – all set to enrich your gaming experience NVIDIA Announces Over 20 New Games for GeForce NOW in November. Lastly, in our ongoing exploration of gaming narratives, Sophie Laurent has penned an exciting piece on the upcoming Mass Effect series. Published on November 7th, “Mass Effect Series to Be an Original Story” delves into BioWare’s collaboration with Amazon Studios to create a fresh perspective within the beloved franchise, moving beyond Shepard’s journey Mass Effect Series to Be an Original Story.
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