Ubisoft Shares Lifted 12% After Tom Clancy Deal (XB360)

Ubisoft and Tom Clancy seem to be a perfect match. By locking up the license, Ubisoft is now also seeing some short term stock gains.

by David Radd on Wednesday, March 26, 2008

According to Bloomberg, Ubisoft's stocks have recently risen €5.91 ($9.29), or 12 percent, up to €54.98 ($86.48), and traded at €53.89 ($84.77) at 11:44 AM in Paris. This rise, which was the most in two months, comes after the French game publisher bought the rights to the Tom Clancy brand. The company expects the move to raise operating profit by at least €5 million ($7.8 million) a year.

The price for the all-cash acquisition of the Tom Clancy license was not disclosed, but Ubisoft did alter their net cash position to roughly €130 million for the end of the fiscal year, compared to a previously stated expectation of €150 million. The company also confirmed that they will make additional payments over the next two fiscal years. Tom Clancy brand games, which include Ghost Recon, Rainbow Six and Splinter Cell and the upcoming EndWar, compose nearly a third of Ubisoft's sales.

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Tom Clancy's Rainbow Six Vegas 2

Tom Clancy's Rainbow Six Vegas 2
  • GenreAction
  • Release Date03/01/2008
  • PublisherUbisoft
  • DeveloperUbisoft Montreal
  • ESRBM - Mature