Ubisoft stock price plummets following Strategic Update announcement and Assassins Creed Shadows delay
Ubisoft’s share price has taken a hit today, already falling –10.46% as stocks began trading in Paris (as reported by Kantan Games’ Dr. Serkan Toto). This fall is likely due to the company’s Strategic Update, which hinted at restructuring plans and announced the delay of Assassins Creed Shadows, the latest title in one of Ubisoft’s major IPs.
On January 9, Ubisoft released a Strategic Update on the investor relations section of its website. In the rather ambiguously-worded statement, Ubisoft reveals that it “has appointed leading advisors to review and pursue various transformational strategic and capitalistic options to extract the best value for stakeholders. This process will be overseen by the independent…
