Shares in French games maker Ubisoft dropped over 17% after cutting financial outlook and delaying release of Assassin’s Creed Shadows. Activist shareholder AJ Investments pushing for a sale, while net bookings for second quarter and full year expected to be lower than previously forecasted. Delay in game release attributed to need for more polishing, with lessons learned from previous launches. Will Ubisoft be able to bounce back from this setback and regain investor confidence?
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Ubisoft shares fall 17% after it delays launch of new ‘Assassin’s Creed’ game
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