Ubisoft Share Price Plunges & Strike Action Called In Reaction To Reset Plan [Yahoo! Finance]
UBISOFT ENTMT UNSP/ADR (UBSFY)
NASDAQ:AMEX Investor Relations:
ubisoft.com/en-us/company/investor_center/index.aspx
Company Research
Source: Yahoo! Finance
Following Wednesday's announcement, the share price fell immediately by 28.3% to 4.75 euros ($5.58) when the market opened the following morning, with trading on the stock suspended temporarily due to the sharp drop. Once trading opened again the share price edged lower across the day, to close 39.8% down day-on-day at 3.99 euros ($4.69). More from Deadline Video Game Maker Ubisoft Unveils Major "Reset," With Layoffs, Canceled Titles And Back-To-Office Mandate Esports World Cup Foundation Announces Esports Nations Cup Co-Developed With Electronic Arts, Krafton, Tencent & Ubisoft 'Assassin's Creed' Live-Action Series From Roberto Patino & David Wiener Ordered By Netflix News of the restructuring of the company – best known for games such as Assassin's Creed Far Cry Rainbow Six and Just Dance – met with dismay in the France were most of the staff are based as well as scepticism over whether the plan would have the desired effect of balancing the books. As reported by Dead
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News
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- After game cancellations and layoffs, Ubisoft laments "important truths" and increases subscription prices for a 17-year-old franchise [Yahoo! Finance]Yahoo! Finance