Ubisoft Shares Plummet 20% After Delay and Cancellation of Games

• Ubisoft saw its shares plunge 20% after announcing the delay of their game “Skull and Bones” and the cancellation of three other projects. • The company plans to “depreciate around €500m of capitalized R&D” due to their financial challenges. • The delayed game, unannounced game cancellations, and disappointing sales all contribute to the bad […]