Ubisoft's reset triggers 34% stock drop to a 15-year low amid studio closures and game cancellations
TL;DR
Ubisoft's sweeping 'reset' closes two studios, cancels six games (including the Sands of Time remake) and delays several others, sending its shares down 34% to the lowest level in 15 years. The publisher is reorganizing into five creative houses to focus on major franchises, revising its full-year net bookings guidance, and contends with a lawsuit from former Assassin's Creed chief Marc-Alexis Côté; rumors persist about an Assassin's Creed Black Flag remake.
Topics:technologybusiness#assassins-creed-black-flag#business#prince-of-persia-remake#restructuring#stock-price#ubisoft
- Ubisoft's "reset" wipes 34% off its share price, the lowest in 15 years Eurogamer
- Ubisoft cancels six games including Prince of Persia and closes studios BBC
- Prince of Persia Remake Game Canceled Amid Ubisoft Reorg, Layoffs Variety
- EXCLUSIVE: Beyond Good & Evil 2 Survives Ubisoft’s Project Purge Insider Gaming
- Ubisoft shares plummet after Assassin’s Creed maker unveils reorganization, cancels six games CNBC
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