Ubisoft shares plummet 33% after Assassin’s Creed maker unveils reorganization, cancels six games

Coronavirus

Ubisoft shares plunged 33% on Thursday morning after the maker of the "Assassin's Creed" games announced a major organizational shakeup, alongside plans to shut studios and axe six games. The changes come following years of stock price decline, following the Covid-19 pandemic, after delays to major releases and financial struggles . The company said it expected to make an operating loss of around 1 billion euros ($1.17 billion) in the financial year ending 2026, following a 650 million euro

Tag-uri: Coronavirus