Ubisoft’s stock price plummets after the restructuring announcements

Ubisoft’s stock price plummets after the restructuring announcements

The last few hours have been quite messy for Ubisoft. The French company wants to reorient its strategy by focusing on its biggest licenses, while betting it allon open-world adventures and the famous GAAS.

To this end, projects in development have been canceled, others delayed, and studios have, of course, closed their doors. This change has had serious consequences for the company’s teams. In addition, the stock market did not react positively to these announcements.

The day after the announcement, Ubisoft has recorded a sharp drop of almost 32% on the Paris stock exchange. The group’s shares are now worth €4.52, compared to €6.63 the day before.

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