Shares in video game studio Ubisoft Entertainment rose by as much as 5% during pre-trading on Monday morning after the company released an announcement on its growth strategy going forward. This comes after Bloomberg News released a report linking Ubisoft with a potential buyout being formulated by its founding family, the Guillemots, as well as major shareholder Tencent.
In response to such acquisition claims, Ubisoft declined to give any explicit details, instead stating that it “regularly reviews all its strategic options”.
Takeover claims heightened this month after Ubisoft’s shares fell to their lowest point in a decade. After its highly anticipated title, “Star Wars Outlaws,” underperformed following its release, the French video game publisher announced that it would delay the release of its latest “Assassin’s Creed” game, the franchise that the company is most well-known for.
The latest rise in Ubisoft shares comes after the company posted a 33.5% spike on Friday to $15.57.