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    UBI   FR0000054470

UBISOFT ENTERTAINMENT

(UBI)
  Report
Real-time Euronext Paris  -  11:35 2022-09-23 am EDT
30.66 EUR   +0.46%
09/20A new world for gamers?
AQ
09/15Disclosure of trading in own shares pre-paid forward agreement on own shares
GL
09/13Information mensuelle relative au nombre total de droits de vote et d'actions composant le capital social
GL
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Ubisoft Shares Jump on Report That Tencent Mulls Upping Stake

08/04/2022 | 05:54am EDT

By Ed Frankl


Shares in Ubisoft Entertainment SA rose sharply on Thursday after a report that Chinese conglomerate Tencent Holding Ltd. was considering raising its stake in the videogames maker.

Tencent is aiming to become the French company's single-largest shareholder, and could offer up to 100 euros ($101.67) a share--more than double its current price--to acquire the additional stake, according to a report by the Reuters news agency, citing unnamed sources.

Shares in Ubisoft were up 16% at EUR48.94 at 1130 GMT.

Tencent plans to buy part of the additional stake from the Guillemot family, which owns around 15% of the maker of Assassins Creed and Far Cry, according to Reuters.

Ubisoft and Tencent couldn't immediately be reached for comment.


Write to Ed Frankl at edward.frankl@dowjones.com


(END) Dow Jones Newswires

08-04-22 0754ET

Stocks mentioned in the article
ChangeLast1st jan.
GUILLEMOT CORPORATION -7.34% 10.1 Real-time Quote.-31.66%
TENCENT HOLDINGS LIMITED -2.83% 275 Delayed Quote.-39.80%
UBISOFT ENTERTAINMENT 0.46% 30.66 Real-time Quote.-28.81%
All news about UBISOFT ENTERTAINMENT
09/20A new world for gamers?
AQ
09/15Disclosure of trading in own shares pre-paid forward agreement on own shares
GL
09/13Information mensuelle relative au nombre total de droits de vote et d'actions composan..
GL
09/12MARKETSCREENER'S WORLD PRESS REVIEW : September 12, 2022
MS
09/12CEO Says Ubisoft to Remain Independent After Stake Purchase by Chinese Tech Giant Tence..
MT
09/12France's Ubisoft, Netflix Team Up to Develop Three Mobile Games in 2023
MT
09/10YVES GUILLEMOT : Ubisoft CEO says still open to other partners after Tencent deal
RE
09/09PUMP / DUMP #44 : This week's gainers and losers
MS
09/07ADRs End Higher, Compagnie Financiere Richemont SA and Ubisoft Entertainment Trade Acti..
DJ
09/07Communications Services Up on Cyclical Bias -- Communications Services Roundup
DJ
More news
Analyst Recommendations on UBISOFT ENTERTAINMENT
More recommendations
Financials
Sales 2023 2 365 M 2 299 M 2 299 M
Net income 2023 147 M 143 M 143 M
Net Debt 2023 576 M 560 M 560 M
P/E ratio 2023 28,2x
Yield 2023 -
Capitalization 3 765 M 3 660 M 3 660 M
EV / Sales 2023 1,84x
EV / Sales 2024 1,57x
Nbr of Employees 20 665
Free-Float -
Chart UBISOFT ENTERTAINMENT
Duration : Period :
Ubisoft Entertainment Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UBISOFT ENTERTAINMENT
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 30,66 €
Average target price 51,80 €
Spread / Average Target 68,9%
EPS Revisions
Managers and Directors
Yves Marie Remy Guillemot Chairman & Chief Executive Officer
Frédérick Duguet Chief Financial Officer
Lionel Bouchet Director & Director-Technology
Claude Michel Marcel Guillemot Chief Operating Officer & Director
Christian Jean-Pierre Guillemot Director & Executive Vice President-Administration
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1st jan.Capi. (M$)
UBISOFT ENTERTAINMENT-28.81%3 660
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ATLASSIAN CORPORATION PLC-42.94%55 465
SYNOPSYS INC.-17.70%46 375
DASSAULT SYSTÈMES SE-33.08%44 727
CADENCE DESIGN SYSTEMS, INC.-13.62%44 085