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Tencent-backed Ubisoft Announces EUR650M Restructuring Provision, Expects Annual Operating Loss to Be EUR1B
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Ubisoft, a French game developer in which TENCENT (00700.HK) holds a stake, announced a major restructuring and strategic overhaul. The Company expected to make a restructuring provision of EUR650 million for the fiscal year ending March, and to record an operating loss of EUR1 billion. Ubisoft closed at EUR3.99 on Thursday, diving 39.83%. AASTOCKS Financial News Website: www.aastocks.com |
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