"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.""
"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."
Ubisoft halted trading of its shares and delayed its half-year earnings report, asking Euronext to suspend trading from November 14 until the earnings are published "in the coming days." The company has faced multiple recent problems, including games missing sales expectations, studio closures, downsizing and sexual misconduct issues. The trading halt could indicate accounting or other operational problems, or signal major events such as a sale or a move to become privately held again. Founders reportedly explored a privatization with Tencent last year; Ubisoft also formed Vantage Studios this year, overseeing Assassin's Creed, Far Cry and Rainbow Six.
Read at Engadget
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