Ubisoft shares skyrocket 33% after report Tencent, Guillemot family considering buyout
Ubisoft shares skyrocket 33% after report Tencent, Guillemot family considering buyout
Ubisoft shares surged 33% Friday after a media report that Tencent and the firm's founding Guillemot family are considering a potential buyout of the company.
Skyrocketing from $11/share to $15/share? Huge jump, surely this is not a desperate scheme by the Guillemot family mafia that own Ubisoft.
I am pretty sure Ubisoft already tried to get bought out and everyone laughed at them because they wanted too much money and overvalued the worth of their company and IP.
Typical market manipulation. If they had any real consideration of buying out the company we wouldn't even know about it. Such discussions happen behind closed doors and don't come public until the offer has to be put on the table (or it becomes old news and nobody cares if it gets public). It was all just to bring up the stock price, so the situation wouldn't look that desperate.