Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout
Group 1 - Shares of Ubisoft increased by over 30% following reports of Tencent and the Guillemot family considering a buyout of the company [1][2] - Ubisoft's shares surged 33.5% to approximately $15.57, as reported by FactSet [1] - The company has experienced a significant decline in market value, losing more than half of it this year [1] Group 2 - Ubisoft is known for popular franchises such as "Assassin's Creed" [2] - The company's shares fell to their lowest point in over a decade due to the underperformance of its latest title "Star Wars Outlaws" and the delay of a new "Assassin's Creed" game [2] - CEO Yves Guillemot acknowledged that the company's second quarter performance did not meet expectations [2]