May 19, 2022

Ubisoft Stock Rises Following Rumours Of Buy-Out

Following a report of a potential takeover by multiple companies Ubisoft’s stocks shoots up.

There have been plenty of rumours lately going around saying that Ubisoft is about to be purchased by another company. Ubisoft themselves previously denied all of these rumours, however, more concrete evidence of purchase has recently surfaced.

According to a report from Bloomberg, several companies have shown interest in Ubisoft for example KKR & Co and Blackstone. Although the report also states that Ubisoft is not in any serious talks, at the moment.

“Ubisoft hasn’t entered into any serious negotiations with potential acquirers, and it’s unclear whether its major shareholder is willing to pursue a deal.”

Although Ubisoft may not be in any serious negotiations at the moment the sheer rumour of a buy-out made the game developer’s stocks sky-rocket. VGC writes that stocks jumped by 11% this weekend.


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