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UBISOFT ENTERTAINMENT UNSP ADR EACH REPR 1/5 ORD (UBSFY.US) will release its Earnings Reports on May 14.
$UBISOFT ENTERTAINMENT UNSP ADR EACH REPR 1/5 ORD(UBSFY.US)$ will release its Earnings Reports on May 14, and investors are advised to pay attention. Futubull reminds: 1. The accounting year division for listed companies on the Hong Kong and US stock markets does not have strict regulations and is entirely decided by the companies themselves, so each Earnings Reports period can serve as the cutoff date for the company's annual report and will not be aligned with the natural calendar year as the fiscal year. 2. Generally, the company will hold an earnings conference on the above-mentioned earnings release date or nearby, and the company management will be present.
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Ubisoft Gets $1.25 Billion Investment From Tencent for New Gaming Unit
Ubisoft (UBSFY.US) spins off its gaming subsidiary, with Tencent acquiring a 25% stake.
French gaming manufacturer Ubisoft (UBSFY.US) announced on Thursday that it has spun off a subsidiary valued at approximately 4 billion euros (4.3 billion USD), with Tencent (00700.HK) investing 1.16 billion euros to acquire a 25% stake in the subsidiary. Ubisoft's ADR recently rose by 16%. The new company includes businesses such as "Assassin's Creed," "Far Cry," and "Rainbow Six," which will hold the licenses for gaming intellectual properties and collect royalties.
Ubisoft Spinning Out Top-games Unit, With Tencent Investing for 25% Stake