BUZZ-Ubisoft jumps as it says it reviews strategic options after buyout report

Reuters10-07

** Shares in Ubisoft continue to climb for a second session after it said it was reviewing strategic options following a report on a possible buyout, rising 6% and topping France's SBF 120 index

** It says it "regularly reviews all its strategic options" after Bloomberg News on Friday reported that major shareholder Tencent and the Guillemot family, Ubisoft's founders, were considering a buyout of the French video game maker

** "The statement released this morning is not discarding potential takeovers," Midcap analyst Charles-Louis Planade says

** Ubisoft's shares surged 33.5% on Friday after the report

(Reporting by Leo Marchandon)

((Leo.marchandon@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment