Ubisoft shares collapsed to a 12-year minimum after an investor lawsuit

The cost of Ubisoft shares has reached the lowest level since 2013. On the afternoon of April 4, the price has fallen to 8.86 euros per share, which has become an anti -record over the past 12 years.

for comparison: on April 3, the shares cost 10.8 euros, and a month ago - 12.14 euros. By the time of publication, the news was partially restored to 9.61 euros, but the total fall remains significant.

the main trigger of the collapse was the Ubisoft deal with Tencent. At the end of March, the French company announced the creation of a subsidiary to which Assassin’s Creed, Far Cry and Rainbow Six will transfer the right to Assassin’s Creed. Tencent invests 1.16 billion euros, having received a 25% share in the new unit.

However, the AJ Investments investment fund (owning 1% of Ubisoft shares) opposed the agreement. On April 3, he, together with a group of minority investors, filed a lawsuit in court, demanding to revise the deal. The fund insists on the direct sale of assets for 4 billion euros and a distribution of 75% of the amount among shareholders in the form of dividends. Since January 2021, the company's shares have collapsed by 88%, having lost the main part of its value.

as Ubisoft will respond to investors' pressure and whether the company will be able to stabilize the situation - the issue is open. However, while the markets continue to respond negatively, and the financial future of the publisher remains in question.