Ubisoft Stock Prices Rise Near 30% Amid Buyout Reports

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Ubisoft Stock Prices Rise Near 30% Amid Buyout Reports

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October 4, 2024

After reaching 11-year lows last week, Ubisoft stock prices have soared amid rumors of a potential buyout involving Tencent.

Almost immediately after the report on the talks broke, Ubisoft shares rose from €10.77 to €14.07 within an hour. As of writing, the

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at €13.70, a 28.9% increase for the day.

In the ******* States, the

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the same percentage wise. It rose from $2.32 to $3.09 within 45 minutes. It has since fallen back to $2.98, a 28.8% increase, as of writing.

Overall, shares are still down 11% and 14% in France and the ******* States this month, respectively. They also remain down 42% year to date. So, while the increase is good for shareholders, it’s still a far cry — pun intended — from where it was earlier this year.

Inside the company, Ubisoft is continuing to look for answers after a number of recent struggles. Star Wars Outlaws struggled to sell 1 million copies in its first month while its free-to-play first-person shooter XDefiant is having problems keeping players.

What do you make of the entire situation surrounding Ubisoft, including the recent stock prices? Let us know in the comments, and join the discussion in the official Insider Gaming Forums.

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