View source for News/Ubisoft Shares Increase Following Buyout Rumors

{{News
|seo_title=Ubisoft Shares Increase Following Buyout Rumors
|seo_keywords=Ubisoft
|image=Ubisoft.PNG
|tags=Ubisoft
|date=2024-10-07T21:57:38.000Z
|sources={{NewsSource
|source=Forbes
|url=https://www.forbes.com/sites/tylerroush/2024/10/04/ubisoft-shares-surge-28-as-tencent-and-guillemot-family-reportedly-mull-buyout/
|article=News/Ubisoft Shares Increase Following Buyout Rumors
}}
|author=Andura
|category=Business
|content=[[News/Tencent and Guillemot Brothers Aims to Acquire Ubisoft|Tencent Holdings is considering a possible buyout of Ubisoft Entertainment with the Guillemot family]]. The discussions are in early stages, and it remains unclear if a deal will occur. 

This news follows calls from minority shareholder AJ Investments to take Ubisoft private or sell it to a strategic investor. AJ Investments, with support from 10% of shareholders, suggested changes after Ubisoft's market value has more than halved since the start of 2024, notably following a significant drop in share price after the launch of Star Wars Outlaws.

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Last week, Ubisoft revised its financial targets for FY24/25, expecting €1.95 billion in annual net bookings and “around break-even” operating profit due to lower-than-expected performance of Star Wars Outlaws and the delay of Assassin’s Creed Shadows to February 14, 2024.

Following Bloomberg's report, Ubisoft shares rose 33.97% to €14.00 per share, marking the largest single-day gain since the company went public in 1996. As of now, the price is slightly down to €13.68.
}}