Ubisoft Has Lost Nearly 95% of its Value in the Last Eight Years After 34% Share Price Drop due to its “Major Reset”

Ubisoft Has Lost Nearly 95% of its Value in the Last Eight Years After 34% Share Price Drop due to its “Major Reset”

Ubisoft CEO and co-founder Yves Guillemot stands smiling on stage against a background displaying the 'UBISOFT' logo.

Yesterday, Ubisoft announced that it would be undergoing a “major reset,” which saw the company cancel six games, including the Prince of Persia: Sands of Time Remake, delay another seven unannounced titles, reportedly including the Assassin’s Creed IV: Black Flag Remake, and entirely restructuring the company’s whole operating model. To call it a ‘major reset’ was practically an understatement, as it wasn’t just a portfolio reset, but one that will forever change how the French company operates. Perhaps unsurprisingly, its share price didn’t take the news well, and, as reported by CNBC, the company’s share price dropped by 34%. What’s […]

Read full article at https://wccftech.com/ubisoft-lost-nearly-95-of-value-in-eight-years-34-share-price-drop-after-major-reset/

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