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Stock impact report

Gaming World Holds Breath As Ubisoft Calls Off Results [Barron's]

UBISOFT ENTMT UNSP/ADR (UBSFY) 
Company Research Source: Barrons
The company, famed for blockbuster games including "Assassin's Creed", "Far Cry" and "Just Dance", also asked the Euronext stock exchange to suspend trading in its shares, another unusual move, raising eyebrows across the industry. Advertisement - Scroll to Continue Euronext said Ubisoft shares could not be traded "until further notice" while the company simply said it would now report half-yearly results, originally scheduled after Thursday's market close, "in the coming days". Contacted by AFP, Ubisoft offered no explanation. The highly unusual moves sparked speculation over whether Ubisoft, which employs 17,000 people, is gearing up for a major announcement, possibly a takeover. "It's never a good sign when an earnings announcement is postponed," said Charles-Louis Planade, an analyst at the Midcap Partners firm, saying he had been "very surprised" by the news. Advertisement - Scroll to Continue In an internal email to staff seen by AFP, Ubisoft's finance director Fr Show less Read more
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