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Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout

Athletic Director Rob Bonner
Crook County School District
Athletic Director Rob Bonner

AP Technology Writer

LOS ANGELES (AP) — Shares of Ubisoft surged more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker. Bloomberg news reported that Tencent and Guillemot family — minority stakeholders in Ubisoft — have been discussing ways to stabilize the company and boost its value after it lost more than half its market value this year.

Article Topic Follows: AP National News

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