Tag: $Ubisoft

Japan’s Takaichi unveils $135bn stimulus to spur growth

Ubisoft Entertainment shares climbed as trading resumed after a weeklong suspension, as the videogame maker posted higher sales for its fiscal second quarter due to stronger-than-expected partnerships and a robust back catalog.

Ubisoft  shares rose as much as 12% on Friday after it announced plans to set up a subsidiary in which Tencent will invest 1.16 billion euros, as the French video game maker seeks to recover from weak performance in 2024.

Ubisoft shares continued higher Monday after Bloomberg reported Friday that Chinese internet giant Tencent Holdings and Ubisoft founders the Guillemot family were considering a potential buyout of the company.

Ubisoft Entertainment shares surged on Friday after the Assassin’s Creed maker said it is on track to achieve record sales for the financial year ending in March, in an announcement that assuaged investors’ fears that it would cut its guidance for the full-year 2024.

Shares in Ubisoft Entertainment tumbled after the company placed bonds convertible or exchangeable into shares.

Ubisoft Entertainment shares UBI, -0.57% slumped, making it the second-worst performer in the Stoxx Europe 600, following a double downgrade to sell from buy at UBS