Ubisoft stock jumps 10% on Clancy deal
French publisher's estimated EUR 60 million deal to buy the rights to author's brands sees its share price pick up significantly
Following last week's news that Ubisoft has acquired the rights to the Clancy name, and would be extending its various franchises as well as adding an MMO to the development roster, the company's share price has gained almost 10 per cent in value.
At close on Friday the price was EUR 49.07, giving the company a market capitalisation of around EUR 2.24 billion. But that price had risen to EUR 54.98 at the time of writing, adding over EUR 250 million to the company value.
Ubisoft estimated that buying the Clancy rights would save it around EUR 5 million per year - also good news for shareholders who had seen the price drop steadily from 2008 high of EUR 66 in February.
The company recently released Rainbow Six Vegas 2, which entered the UK chart this week at the number one position.