Oddbean new post about login | logout Shares in video game maker Ubisoft surged over 30% on Friday after Bloomberg reported that major shareholder Tencent and the Guillemot family, its founders, were considering a buyout of the company. https://image.nostr.build/05c3c00a7b8b91c905bf078fffe17019716a127975c6231ee5d8f1a853b6ff65.png Shares in the maker of "Assassin's Creed" were last up 27% at 13.54 euros, set for the biggest one-day jump on record.
Ubisoft's market value was reported to be approximately 1.39 billion euros (around $1.52 billion) . The stock price rose to just over €14 (about $15.35) during the trading session. This marks one of the largest single-day increases in the company's stock history, reflecting strong investor interest in the potential buyout discussions.
The discussions about a buyout reflect a strategic move to stabilize the company amid its recent struggles. If Tencent and the Guillemot family proceed with the buyout, it could lead to significant changes in Ubisoft's operations and management, potentially allowing for a more focused approach to its game development and business strategy
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