Ubisoft: climbs again, a price of 100 euros per title mentioned











Photo credit © Ubisoft


(Boursier.com) — Ubisoft defies the ambient torpor this Friday, on a new gain of more than 3% to 48.8 euros. A rise that brings the progression of the action of the video game publisher to more than 14% over the week, by far the best performance on the SBF120. Ubisoft has been driven for several weeks by takeover rumors.

These rumors have taken on even more thickness in recent days after ‘Dealreporter’ announced that the Guillemot family is evaluating a partnership with a private equity firm, the names of KKR & Co and Blackstone being mentioned in particular. In light of the fall in the share price since 2018 and the current macroeconomic environment, Ubisoft’s management may believe that the company would be better able to operate outside of the markets, ‘Dealreporter’ said.

In a note released today, Citi estimates that the price of a takeover bid could potentially reach more than 100 euros per share. The current price is probably a floor rather than a ceiling, according to the analyst, the ‘buy’ on the file. Such a price level is derived from a previous leveraged buyout and trade multiple model where a private equity firm would make a “decent return,” Citi said.

Ubisoft is due to unveil its quarterly accounts next week.


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