Ubisoft’s Shares Spike-Up After The Clancy Name Acquisition

According to Bloomberg, Ubisoft’s shares have spiked up 12% after the Tom Clancy IP rights acquisition.

The shares rose as much as 5.91 euros, or 12 percent, to 54.98 euros, and traded at 53.89 euros at 11:44 a.m. in Paris. Before today, shares of Ubisoft, based in the Paris suburb of Montreuil-sous-Bois, had slipped 29 percent this year.

by Bloomberg