Clancy Deal Causes 10% Jump in Ubisoft Stock
Posted by Stephany on Wednesday, March 26th, 2008 at 9:53 am under Game Companies, Game Consoles, Game Platforms, Gamer Life, Games, Games Industry, Ubisoft
When news of Ubisoft’s recent acquisition of the Tom Clancy name along with news of extending the franchises bearing his name and adding an MMO to Ubisoft’s roster, stock for the company jumped 10% .
When the trading bells rang the close of the business day Friday the price was EUR 49.07 ($77.18) giving Ubisoft a company value of EUR 2.24 billion($3,525,088,691.71). But as of this post, the stock prices have now rises to EUR 54.98 ($86.42) which adds over EUR 250 million ($393,437,474.98) to the company value.
When Wedbush Morgan stated that the deal would save Ubisoft over 5 million EUR ($7,787,872.01) per year in royalty fees, this deal also became a gold mine for shareholder who had seen a price drop since February and can now get some slight satisfaction with this rise in stock prices, at least until it peaks or drops again. If I was them I would sell sell sell - or do whatever my broker told me to do anyway. I am not a stock analyst or a broker nor do I own any shares of Ubisoft, I am just greedy like everyone else and need the money.
Thanks: GamesIndustry.biz
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March 26th, 2008 at 10:01 am
What's Unisoft? is it anything like Ubisoft?
March 26th, 2008 at 10:17 am
Christ on crutches it has been a bad week and it is not even over with yet.
BTW, next time just send me an email instead of correcting me for my Mom and all the world to see. It just makes me feel like slamming my head into the keyboard, running out into traffic wearing only underwear, a football helmet and a cape to yell at passing cars before curling up in a ball to cry.
Are you sure we have not met someplace before? You sure you do not work here Mister?
March 26th, 2008 at 10:25 am
[...] The Fine Art of Money wrote an interesting post today onHere's a quick excerpt When news of Ubisoft’s recent acquisition of the Tom Clancy name along with news of extending the franchises bearing his name and adding an MMO to Ubisoft’s roster, stock for the company jumped 10% . When the trading bells rang the close of the business day Friday the price was EUR 49.07 ($77.18) giving Ubisoft a company value of EUR 2.24 billion($3,525,088,691.71). But as of this post, the stock prices have now rises to EUR 54.98 ($86.42) which adds over EUR 250 million ($393,437,474.98) to t [...]
March 26th, 2008 at 10:29 am
Sorry Stephany, I'll send an email next time, much more discrete.
And no I don't work with you. At least I don't think so, unless you are writing articles from one of the floors above me at the insurance company I work for.
March 26th, 2008 at 10:32 am
I was just kidding with you Interweb, feel free to correct me anytime you like!
It helps me grow as a person
March 26th, 2008 at 10:41 am
I can haz moneyz now?
March 26th, 2008 at 3:45 pm
It just makes me feel like slamming my head into the keyboard, running out into traffic wearing only underwear, a football helmet and a cape to yell at passing cars before curling up in a ball to cry.
DUDE I would pay to see that