Ubisoft Shares Expected to Experience Largest One-Day Increase on Record Following Takeover Report, According to Reuters

Shares in video game company Ubisoft saw a notable increase of over 30% on Friday following a report suggesting that key stakeholders, Tencent and the Guillemot family, are exploring a potential buyout of the firm.

The stock price for the creators of “Assassin’s Creed” rose by 27% to reach 13.54 euros, positioning the company for its largest single-day increase in history.

Ubisoft chose not to comment on the situation when approached for a statement. The Guillemot family, which holds a 15% stake in the enterprise, also did not respond to inquiries.

According to data, Tencent possesses just under a 10% share in the company. However, due to a challenging year, Ubisoft’s stock had declined by 54% as of Thursday’s close, exacerbated by a reduction in guidance and a three-month delay for the launch of “Assassin’s Creed Shadows.”

The company is currently under pressure from activist investor AJ Investments, which has called for a change in leadership and has encouraged Ubisoft to consider going private or being sold. The investor claims to have garnered support from 10% of the company’s shareholders.

Analyst Charles-Louis Planade from Midcap Partners commented on the interest in Ubisoft, stating that it is expected given the company’s distinctive position within the industry.

“Ubisoft is clearly a unique asset in the sector, and numerous significant players have attempted to enter the open-world action/adventure genre that Ubisoft has excelled in,” he noted.