Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises

Assassin’s Creed-maker Ubisoft’s shares surge 11% on deal to spin off top game franchises


Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game.

John Keeble | Getty Images

Ubisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.

On Thursday, Ubisoft revealed plans to form a new gaming subsidiary, with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) into the unit.

The subsidiary will include Ubisoft’s best-known games brands, including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six, according to a press release.

Ubisoft shares jumped 11% as of 10:50 a.m. Paris time.

The game maker said Thursday that its newly formed unit would “focus on building game ecosystems designed to become truly evergreen and multi-platform.”

Saudi Arabia has highest penetration rate of women professional gamers globally: Saudi prince

The investment from Tencent values the new subsidiary at 4 billion euros, Ubisoft said. That’s more than double Ubisoft’s current market capitalization.

Investors were hoping for a move from Ubisoft to clear up uncertainty surrounding its future after a series of challenges faced by the firm in recent years.

Ubisoft has been plagued by various issues, from financial struggles to delays to some of its key games — including its most recently released Assassin’s Creed Shadows title.

In February, the firm reported a 52% drop in fiscal third-quarter net bookings, beset by underperformance of some of its key games.

Ubisoft released its newest title Assassin’s Creed Shadows, the latest installment in Ubisoft’s top game franchise, last week.

The game secured generally positive reviews, getting an average reviewer score of 82 on review aggregation site Metacritic.



Source

Pinterest shares rise 15% on better-than-expected guidance
Technology

Pinterest shares rise 15% on better-than-expected guidance

Bill Ready, CEO of Pinterest, rings the opening bell at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters Pinterest shares rose 15% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Revenue: $855 […]

Read More
Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case
Technology

Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Alex Mashinsky, former chief executive officer of Celsius Network Ltd., arrives at court in New York, US, on Thursday, May 8, 2025. Yuki Iwamura | Bloomberg | Getty Images Alexander Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on Thursday after pleading guilty to two counts of fraud, a […]

Read More
Affirm drops 10% on weaker-than-expected guidance for current quarter
Technology

Affirm drops 10% on weaker-than-expected guidance for current quarter

PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts’ estimates even as profit for […]

Read More