Streetbeat News

UBSFY

UBISoft Entertainment

https://www.ubisoft.com

CEO

Yves Guillemot

Industry

Software Publishers

Open

2.79

Mkt cap

1.8B

Volume

30K

High

2.80

P/E Ratio

-31.00

52-wk high

6.57

Low

2.77

Div yield

N/A

52-wk low

2.03

Ubisoft's recent release, Star Wars Outlaws, has underperformed in sales, leading to a significant drop in the company's share price. Analyst Daniel Kerven has lowered sales forecasts, and the game's development costs were notably high. Ubisoft's financial health now hinges on the success of its upcoming release, Assassin's Creed Shadows.

Portfolio Pulse from Franca Quarneti

September 04, 2024 | 7:51 pm

The Complaint Counsel has opposed Microsoft Corporation's motion to reopen discovery to serve subpoenas on Ubisoft Entertainment and Sony Interactive Entertainment about their agreements. This opposition is part of ongoing legal proceedings.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:55 pm

The U.S. Federal Trade Commission (FTC) is focused on an appeal aimed at stopping Microsoft's now-closed deal for Activision. The FTC will also 'assess' an agreement with Ubisoft as part of its proceedings.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:09 pm

Microsoft Corp. has completed its acquisition of Activision Blizzard Inc. for $69 billion, marking the largest deal in Microsoft's history. The deal was approved by U.S. and U.K. regulators after Microsoft agreed to transfer Activision's game streaming rights to Ubisoft Entertainment and ensure that cloud gaming providers can use non-Windows operating systems for Activision content. Activision Blizzard's popular game franchises will now be part of Microsoft's enterprise.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 1:40 pm

Ubisoft Entertainment Inc (OTC:UBSFY) plans to reshape the gaming landscape through streaming, similar to how Netflix Inc (NASDAQ:NFLX) transformed the television and film sectors. This follows Ubisoft's cloud-gaming agreement with Microsoft Inc (NASDAQ:MSFT). Despite the gradual ascent of cloud gaming due to technological and business-related hurdles, Ubisoft CEO Yves Guillemot believes that many games will be streamed and produced in the cloud in the next five to 10 years.

Portfolio Pulse from Anusuya Lahiri

September 26, 2023 | 11:40 am

Microsoft has revised its acquisition strategy for Activision Blizzard after facing regulatory hurdles in the U.K. The initial $69 billion bid was met with resistance due to concerns over potential dominance in the cloud gaming sector. The updated proposal includes Microsoft relinquishing cloud rights for current and upcoming Activision games for 15 years to UbiSoft Entertainment. Microsoft has also committed to releasing game versions compatible with other operating systems. The decision on the revised proposal is expected by October 18.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 2:13 pm

Microsoft has revised its proposal to acquire Activision Blizzard after facing regulatory challenges in the UK, US, and Europe. The new proposal, which is under review by the UK's Competition and Markets Authority, includes Microsoft relinquishing cloud rights for existing and upcoming Activision PC and console games for the next 15 years to UbiSoft Entertainment. Microsoft will also be required to release game versions on OS other than its proprietary Windows.

Portfolio Pulse from Anusuya Lahiri

August 22, 2023 | 12:09 pm

Ubisoft has signed an agreement to acquire cloud streaming rights to Activision Blizzard games, effective upon the completion of Microsoft's acquisition of Activision Blizzard. The deal includes all current and new titles launching in the next 15 years. The games will be available on Ubisoft+, and Ubisoft will also be able to license them to cloud gaming companies, service providers, and console makers.

Portfolio Pulse from Charles Gross

August 22, 2023 | 8:52 am

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