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It's been clear for some time that all is not well at Ubisoft. Between games not meeting the company's sales expectations, studio closures, downsizing elsewhere and sexual misconduct issues, it's been a rocky past several years for the company.
But now it seems something else may be going on at the publisher. Just before it was set to hold a call with investors on Thursday, Ubisoft said it was delaying its half-year earnings report and halting trading of its shares. It has asked Euronext — the European stock market on which its shares are listed — to halt trading from November 14 until it publishes its earnings results "in the coming days."
This could mean any number of things. Other companies have delayed earnings reports due to things like accounting issues. But halting trading of the company's shares could portend major news, such as a sale or Ubisoft becoming a private entity again. Engadget has contacted Ubisoft for comment.
It was reported late last year that the founders of Ubisoft were looking to take the company private with the help of Tencent. That hasn't transpired as yet, but Ubisoft (with the help of a Tencent investment) did this year form a new subsidiary called Vantage Studios. That is now overseeing Assassin's Creed, Far Cry and Rainbow Six — three of Ubisoft's most important franchises.
This article originally appeared on Engadget at Something funky is going on at Ubisoft
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But now it seems something else may be going on at the publisher. Just before it was set to hold a call with investors on Thursday, Ubisoft said it was delaying its half-year earnings report and halting trading of its shares. It has asked Euronext — the European stock market on which its shares are listed — to halt trading from November 14 until it publishes its earnings results "in the coming days."
This could mean any number of things. Other companies have delayed earnings reports due to things like accounting issues. But halting trading of the company's shares could portend major news, such as a sale or Ubisoft becoming a private entity again. Engadget has contacted Ubisoft for comment.
It was reported late last year that the founders of Ubisoft were looking to take the company private with the help of Tencent. That hasn't transpired as yet, but Ubisoft (with the help of a Tencent investment) did this year form a new subsidiary called Vantage Studios. That is now overseeing Assassin's Creed, Far Cry and Rainbow Six — three of Ubisoft's most important franchises.
This article originally appeared on Engadget at Something funky is going on at Ubisoft
Continue reading...