After reaching 11-year lows last week, Ubisoft stock prices have soared amid rumors of a potential buyout involving Tencent.
Almost immediately after the report on the talks broke, Ubisoft shares rose from €10.77 to €14.07 within an hour. As of writing, the shares sit at €13.70, a 28.9% increase for the day.
In the United States, the jump was about the same percentage wise. It rose from $2.32 to $3.09 within 45 minutes. It has since fallen back to $2.98, a 28.8% increase, as of writing.
Overall, shares are still down 11% and 14% in France and the United States this month, respectively. They also remain down 42% year to date. So, while the increase is good for shareholders, it’s still a far cry — pun intended — from where it was earlier this year.
Inside the company, Ubisoft is continuing to look for answers after a number of recent struggles. Star Wars Outlaws struggled to sell 1 million copies in its first month while its free-to-play first-person shooter XDefiant is having problems keeping players.
While a potential buyout and going private is a possibility, it’s worth noting that nothing has been finalized.
What do you make of the entire situation surrounding Ubisoft, including the recent stock prices? Let us know in the comments, and join the discussion in the official Insider Gaming Forums.
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Weird move by Tencent Ubisoft has nothing really it would be a waste of billions. Tencent should fully acquire Epic instead offer to buyout Sweeney. Epic is worth the billions dump whatever they have in Ubisoft.
Tencent is extremely inhumane and xenophobic I don’t they they’d allow Ubisoft to make certain games anymore. They’re destroying Riot for not meeting expectations this will mean more cutbacks on all their studios which is most of the industry.
The EU and UK scrutinized the ABK Microsoft deal but will let this slide? That should be a wake up call to pull out of those markets they’re bias to their own native businesses. Meta faced the same thing they made them sell off sone assets. If the SEC and FTC allow this Microsoft needs to make changes, Apple and other tech companies too they need someone else to fight for them and that’s Trump and his pro business regime. WBD wants that too because they want to sell off to a bigger company and the current regulators won’t allow it.