AJ Investments Calls for Ubisoft Delisting, New CEO and Takeover
Following the sharp fall in Ubisoft's share price, minority shareholder AJ Investments is calling for significant action. In an open letter, the Slovakian private company/hedge fund proposes selling the company, delisting it and appointing a new CEO.
Yves Guillemot, Co-Founder and Chief Executive Officer, UbisoftGamesMarkt, Marcel Kleffmann
Ubisoft's share price is under pressure. Following the release of Star Wars Outlaws and media reports of a "weak launch" in the UK, based on incomplete data, as well as J.P. Morgan's reduction of sales expectations, the share price fell significantly to a ten-year low. Market capitalisation fell below 2 billion Euros. In the last year alone, the share price has fallen by 50 per cent and in the last five years by almost 80 per cent.
Ubisoft's share price is under pressure. Following the release of Star Wars Outlaws and media reports of a "weak launch" in the UK, based on incomplete data, as well as J.P. Morgan's reduction of sales expectations, the share price fell significantly to a ten-year low. Market capitalisation fell below 2 billion Euros. In the last year alone, the share price has fallen by 50 per cent and in the last five years by almost 80 per cent.
