Ubisoft's Tumultuous Turn: Major Game Cancellations and Reorganization Shake Market

Ubisoft's stocks dramatically fell nearly 30% following the announcement of its company-wide reorganization and the cancellation of six games. The French video game giant, known for the 'Assassin’s Creed' series, significantly impacted the SBF 120 index in Paris as a result of the delays in trading.

On Thursday, Ubisoft saw its shares dramatically plunge after the French video game giant announced ambitious reorganization plans alongside the cancellation of six upcoming games.

The creator of the renowned 'Assassin's Creed' series experienced a nearly 30% drop in its stock value, highlighted by a delayed start in trading on the Paris exchange.

This substantial fall led the SBF 120 index, known for encompassing the most actively traded stocks in Paris, to significant losses, marking a tumultuous period for Ubisoft.