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Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout

Pelican Press

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Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout

The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024.

John Keeble | Getty Images

Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company.

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 Friday that Tencent and the Guillemot family, which are both ********* shareholders of Ubisoft, are considering a buyout among other options after the company lost more than half its market value this year.

Shares of Ubisoft were last trading around 30% as of 3:20 p.m. London time.

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#Ubisoft #shares #skyrocket #report #Tencent #Guillemot #family #buyout

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