French Video Game Giant Ubisoft Sees Stock Soar Amidst Buyout Rumors
In a dramatic turn of events, shares of renowned French video game publisher Ubisoft skyrocketed by over 30% on Friday, following a media report suggesting that Chinese tech giant Tencent and the company’s founding Guillemot family are exploring a potential takeover.
According to Bloomberg News, Tencent and the Guillemot family, who collectively hold a minority stake in Ubisoft, are weighing their options, including a buyout, in response to the company’s significant market value decline of over 50% this year.
As of 3:20 p.m. London time, Ubisoft’s shares were trading at an impressive 30% increase. This developing story is expected to continue unfolding, with further updates to come.
In related news, investors are eagerly awaiting confirmation of the rumored deal, which could have significant implications for the gaming industry as a whole.
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