From Yahoo Finance: 2025-03-28 04:00:00

Ubisoft shares dropped 1% after plans to create a subsidiary for popular game franchises with Tencent’s 1.16 billion euro investment. Analysts note U.S. hedge funds shorting the stock due to only 500 million euros of debt repayment. The new unit will house “Assassin’s Creed”, “Far Cry”, and “Tom Clancy’s Rainbow Six”. Ubisoft aims to reduce its 1.1 billion euro debt by the end of 2025, boosting stock value.



Read more at Yahoo Finance: Ubisoft shares drop, erase early gains on talk hedge funds shorting stock