(Boursier.com) — Second rebound session for Ubisoft which outperformed the market at the start of the week with a share which advanced by 2.5% to 21.8 euros. According to our information, Cantor has raised its recommendation on the video game publisher to ‘overweight’ with a target of 27 euros.
Separately, EQT is in advanced discussions to buy British video game company Keywords Studios for 2.2 billion pounds. Confirming information initially reported by the ‘Financial Times’, Keywords said it was in advanced talks on a possible cash offer of 2.55 pence per share, representing a premium of 73% compared to the closing price of the British firm. Friday. Keywords said it received four unsolicited proposals from EQT in recent months, all of which were rejected. The latest proposal is subject to compliance with a certain number of conditions while EQT has until June 15 to submit a formal takeover offer under British financial rules.
Keywords said it remains confident in the company’s growth strategy, both organically and through acquisitions, and that EQT supports this strategy.
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