Live China retaliated with 34% tariffs on US goods, while Trump vows his policies will 'never change.' Cboe UK • EUR Ubisoft Entertainment SA (UBIP.XC) Follow Compare 9.44 -1.25 (-11.73%) As of 2:22:45 PM GMT+1. Market Open. All News Press Releases SEC Filings Rocket Lab, UbiSoft, Nippon Steel: Stocks in 30 Rocket Lab (RKLB) shares are on the rise as the US Space Force selected the company for a $5.6 billion Space Launch program. UbiSoft (UBI.PA) announces a new video games subsidiary valued at $4.3 billion. Nippon Steel (NPSCY, NISTF) is reportedly considering investing $7 billion to upgrade United States Steel Corporation (X) facilities, according to Semafor. Morning Brief hosts Brad Smith and Madison Mills break down the news. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Ubisoft Shares Climb After Tencent Backs Assassin’s Creed Carveout Stock climbed on plans to carve out a unit that will house key franchises including Assassin’s Creed with the backing of Chinese tech giant Tencent. Trending tickers: Lululemon, Rivian, Alibaba, Ubisoft and WH Smith The latest investor updates on stocks that are trending on Friday ‘Assassin’s Creed’ Maker Ubisoft Jumps After Games Carve Out (Bloomberg) -- Ubisoft Entertainment SA shares jumped as much as 10% after the video game maker said it will carve out a unit including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six into a subsidiary with an enterprise value of about €4 billion ($4.3 billion).Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhat Frank Lloyd Wright Learned From the DesertBank Regulators Fight for Desks as OCC Returns to New York TowerThese US Bridges Face High Risk of Ca Ubisoft shares drop, erase early gains on talk hedge funds shorting stock (Reuters) -Ubisoft shares reversed gains in afternoon trade on Friday after rising as much as 12% earlier on plans to set up a subsidiary to house three of its popular video game franchises. The stock was down around 1% at 1451 GMT after dropping as much as 6% at one point, with an analyst citing a trading source who said U.S. hedge funds are shorting the stock given Ubisoft will pay down only 500 million euros of debt in the deal. The French company said that Tencent will invest 1.16 billion euros ($1.26 billion) in the new unit in exchange for a stake of about 25%. Ubisoft Gets $1.25 Billion Investment From Tencent for New Gaming Unit Ubisoft Entertainment said it is forming a new unit that would house its Assassin’s Creed, Far Cry, and Tom Clancy’s Rainbow Six games, with Tencent Holdings investing 1.16 billion euros ($1.25 billion) for a minority stake in the subsidiary. Assassin's Creed creator Ubisoft sets up 4 billion euro subsidiary, backed by Tencent The new subsidiary, valued at about 4 billion euros, will bring together the Assassin's Creed, Far Cry and Tom Clancy's Rainbow Six brands, the group said in a statement. Ubisoft's shares rose in mid-March after Bloomberg News reported the videogame maker was seeking investors for a new entity, with Tencent among the invited bidders. The new subsidiary would include the teams developing the Tom Clancy’s Rainbow Six, Assassin’s Creed and Far Cry franchises based in the Canadian cities of Montréal, Quebec, Sherbrooke and Saguenay, and in Barcelona and Sofia, as well as the back-catalog and any new games currently under development or to be developed. Ubisoft announces the creation of a new subsidiary UBISOFT ACCELERATES ITS TRANSFORMATION BY LAYING FOUNDATION FOR NEW OPERATING MODEL WITH THE CREATION OF A SUBSIDIARY AND INJECTION OF €1.16BN OF CASH FROM SELECTED INVESTOR TENCENT PARIS – March 27, 2025 – Today, Ubisoft announced that it is accelerating its transformation by taking an important step in rapidly evolving its operating model with the creation of a dedicated subsidiary based on its Assassin’s Creed®, Far Cry®, and Tom Clancy’s Rainbow Six® brands. Following the formal and competit Ubisoft stock surges on Assassin's Creed Shadows release success Ubisoft Entertainment (UBI.PA) stock is surging following the successful release of "Assassin's Creed Shadows," which hit 2 million players over the weekend. Wedbush Securities managing director of equity research Michael Pachter joins Market Domination hosts Josh Lipton and Julie Hyman to discuss the game's success and the pressure on Ubisoft. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Ubisoft Shares Surge After Blockbuster Launch of New Assassin’s Creed Game Shares jumped after “Assassin’s Creed Shadows” garnered 2 million players less than a week since its release, surpassing the launches of “Assassin’s Creed Origins” and “Assassin’s Creed Odyssey.” U.S. video game spending fell 6% y/y in February, says Circana Circana analyst Mat Piscatella said that February 2025 projected U.S. consumer spending on video game hardware, content and accessories declined 6% when compared to the same period a year ago, to $4.5B. Spending so far this year is 11% lower than 2024 year-to-date, at $9.0B. Video game content spending in February fell 4% vs YA, to $4.0B. Subscription growth of 9% was offset by declines in Mobile of 4% and full game and add-on content across both Console (-11%), and PC, Cloud and Non-Console VR Game On: Discord reportedly in talks for IPO in 2025 “Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This week’s most notable new game release is Take-Two’s (TTWO) professional wrestling sim “WWE 2K25,” which launches March 14 for PlayStation 4 (SONY), PS5, PC, Xbox One (MSFT), and Xbox Series X/S. DISCORD IPO: Discord, a social media and messaging app loved by gamers, that “allows users to chat via voice, video, or text,” has held discussions with bankers recently “to discuss prepara Ubisoft sees cost reduction plan exceeding EUR200M by 2024-2025 As part of its ongoing efforts to streamline operations and enhance collective efficiency, Ubisoft (UBSFY) continued to drive significant cost reductions as it adopts an even more selective approach to investments. In December, following a thorough assessment of its performance, profitability and market conditions, Ubisoft announced the discontinuation of XDefiant and the closure of three production studios in high-cost geographies. Additionally, in January, the Group announced the closure of an Ubisoft Reports Third-Quarter 2024-25 Sales UBISOFT REPORTS THIRD-QUARTER 2024-25 SALES Q3 net bookings in line with revised expectations, and FY 2024-25 targets confirmed Positive Assassin’s Creed Shadows Previews ahead of March 20 launch Cost reduction program to be achieved by end FY25, ahead of schedule and in excess of €200m Review of strategic options ongoing Net bookings for the first nine months of fiscal 2024-25 In €m9 months2024-25 Reported change vs.2023-24 % of total net bookings 9 months 2024-25 9 months 2023-24 IFRS 15 sales Ubisoft to close UK site and restructure three others, affecting 185 staff The decision is a part of efforts to prioritize projects and reduce costs to ensure long-term stability at Ubisoft, it said. Ubisoft has been plagued by delays and the underperformance of some key titles, including a muted reception to the launch of Star Wars Outlaws in August last year, which did not meet sales expectations. The group has been reviewing its operations globally to "deliver the best experiences to players in today's hugely competitive market", Ubisoft Leamington said in a post on LinkedIn. Trending tickers: TSMC, Walgreens, Tata Consultancy, Ubisoft and Sainsbury's The latest investor updates on stocks that are trending on Friday. Strategic update PRESS RELEASE Ubisoft.com Strategic update Paris, January 9, 2025 – Following the strategic and execution reviews initiated by the Executive Committee a few months ago, Ubisoft is taking decisive steps to reshape the Group in order to deliver best-in-class player experiences, enhance operational efficiency and maximize value creation. Ubisoft announced today that it has appointed leading advisors to review and pursue various transformational strategic and capitalistic options to extract the best High Growth Tech Stocks To Watch In January 2025 As global markets navigate the start of 2025, U.S. stocks have shown resilience with the S&P 500 and Nasdaq Composite closing out another strong year despite recent mixed performances influenced by economic indicators such as the Chicago PMI and GDP forecasts from the Atlanta Fed. In this environment, identifying high-growth tech stocks requires a keen eye for companies that demonstrate robust innovation potential and adaptability to shifting market dynamics, making them noteworthy contenders... Gaming industry sees ‘diminished’ returns from graphics investing, NYT reports For decades, companies like Sony (SONY) and Microsoft (MSFT) made bets that realistic graphics for video games were the key to drawing bigger audiences, with the industry spending billions to pursue the idea, but companies are now acknowledging that investing in graphics is providing diminished financial returns, the New York Times’ Zachary Small reports, citing industry sources. “It’s very clear that high-fidelity visuals are only moving the needle for a vocal class of gamers in their 40s and 5 Even after rising 13% this past week, Ubisoft Entertainment (EPA:UBI) shareholders are still down 78% over the past five years It's nice to see the Ubisoft Entertainment SA (EPA:UBI) share price up 13% in a week. But spare a thought for the long term holders, who have held the stock as it bled value over the last five years. Five years have seen the share price descend precipitously, down a full 78%. So we don't gain too much confidence from the recent recovery. The million dollar question is whether the company can justify a long term recovery. Performance Overview Trailing total returns as of 4/4/2025, which may include dividends or other distributions. Benchmark is CAC 40 (^FCHI) Return UBIP.XC CAC 40 (^FCHI) YTD -24.74% -0.17% 1-Year -55.38% -9.61% 3-Year -76.75% +9.46%