When last week, Ubisoft announcedthe upcoming formation of a new venture that would act as the de facto owner of its three biggest franchises Assassins Creed, Far Cry, and Tom Clancys Rainbow Six while featuring Tencent as a minority shareholder with a 25% stake, many questioned whether this move, along with the studios current financial and reputational state, would push investors to withdraw their funds from Ubisoft and invest in the newly established entity instead.UbisoftApparently, some of the investors do share this opinion, as Ubisofts stock dropped over 15% after markets opened on Monday, wiping out all the gains the company had made since late February.Moreover, the stock price surge the studio saw in October 2024 has also nearly vanished an ironic turn of events, considering that the October spike occurred on the same day and most likely as a result of Tencents reveal that it was in talks to fully acquire Ubisoft, suggesting that at least a portion of investors are more interested in Chinese giant taking complete control of Ubisoft and its IPs rather than the struggling studio spinning off its most valuable franchises.Following the market opening, Ubisofts stock rebounded by a few percentage points, but over the past few hours, the price graph has flattened currently sitting at -13% compared to where it was a day before raising questions about whether the companys decision to secure a quick cash injection through its deal with Tencent could come back to bite them in the back.Dont forget to join our80 Level Talent platformand ournew Discord server, follow us onInstagram,Twitter,LinkedIn,Telegram,TikTok, andThreads,where we share breakdowns, the latest news, awesome artworks, and more.Source link The post Ubisoft Stock Down 15% Following Its Deal With Tencent appeared first on CG SHARES.