Ubisoft plunges further on the stock market following the announcement of the creation of its new subsidiary
, by Thibaut
Despite the apparent success of Assassin's Creed Shadows, Ubisoft remains quite the financially unstable company. This bad health was once again evident on the world's stock markets.
The French publisher's shares lost 12.06% of their value on the Paris stock exchange on Monday March 31. It fell from €12.11 to €11.16. Unfortunately, the situation is no better in London, where Ubisoft's share price has fallen to €11.19 from €12.15 at the start of the day.
We can assume that the announcement of the new subsidiary created with Tencent (which will be a minority investor) hasn't been to the liking of investors.
Source: boursorama.com