Insider Gaming
Menu
·
·

Ubisoft Stock Price Drops Another 7% Amid Shareholder Uncertainty

Ubisoft stock prices have fallen another 7% amid shareholder uncertainty that the company isn’t performing well enough.

The stock price fall comes following a request from a “significant minority shareholder” at the company who has pressured Ubisoft to make the company go private or will use French minority law to collect enough shareholders to start a proxy fight and initiate a sale process.

Just last week, Insider Gaming reported that XDefiant was at risk of losing its much-needed post-launch support after dwindling player numbers and following the release of a mild Star Wars: Outlaws launch, Ubisoft’s stock price fell to a near 10-year low. At the time of writing, its share price stands at 13.67 euros, a 51% decrease from this time last year.

The demand from the investor also requests a change of current management, including the request to hire a new CEO who will “optimise the cost and studio structure for more agile and competitive company as Ubisoft should be”.

Time and again, Ubisoft has continued to have “misses” with its launches these past few years. Despite incredible games like Prince of Persia: The Lost Crown, player sentiment toward the publisher has seemingly been so tainted that fantastic games are not getting the sales they need to turn the company’s fortunes around.

Ubisoft currently employs around 20,000 developers and is now valued at 1.89 billion.

What do you think of Ubisoft’s continuing stock price drops? Do you think the company can turn things around, or should it sell up? Let us know in the comments below.


For more Insider Gaming, check out what could finally be revealed on Tuesday morning.

Subscribe to our newsletter to receive the latest news and exclusive leaks every week! No Spam.

No replies yet

Loading new replies...

More Posts

Ubisoft Being Pressured To Go Private As Share Prices Continue To Fall

As Ubisoft shares continue to fall, a minority investor is making public calls for the company to go private in the near future.

Bungie Reveals ‘Codename Frontiers’ Expansions For Destiny 2

Bungie has unveiled a bold roadmap for Destiny 2 that incorporates two full expansions and four major updates. Check it out here.

PS5 Pro To Be Revealed On Tuesday?

Sony has announced a special PS5 technical presentation for Tuesday morning, and rumors are the PS5 Pro could be revealed.

Ubisoft Strips Vulkan API From Rainbow Six Siege

Ubisoft has removed the Vulkan API from Rainbow Six Siege in the latest update. Find out what this means for the game here.