Ubisoft’s part brand tumbles again as minority investor calls for the firm to pass interior most

Ubisoft’s part brand has tumbled all over again after a minority investor known as for the firm to pass interior most.

Ubisoft’s stocks took a success ideal week, falling by bigger than 10% in two days following the free up of Massive name Wars Outlaws.

At the time, the part brand of Ubisoft Entertainment SA fell to €15.34, the bottom it has been since 2014. The company’s market cap became once then €1.97 billion.

Now shares dangle plunged even additional, closing 7.1% down on Monday, September 9 at €13.67.

WSJ experiences that Juraj Krupa of AJ Investments and Companions has written an open letter to the board outlining its “deep dissatisfaction with the current performance and strategic direction of the company.”

Consequently, the Slovakian hedge fund is asking for CEO Yves Guillemot and the board to “take Ubisoft private or allow it to sell to strategic investor.”

Stating that Ubisoft is a “great, undervalued company”, the minority stakeholder – which holds much less than 1% – is additionally calling for a “change of the current management” and a “new CEO who will optimise the cost and studio structure for more agile and competitive company as Ubisoft should be.”

“Ubisoft at current stat