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Ubisoft's game cancellation announcement leads to sinking share prices

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Ubisoft shares have taken quite a tumble this week after the publisher announced the cancellation of six of its upcoming games. The game cancellations
Ubisoft shares have taken quite a tumble this week after the publisher announced the cancellation of six of its upcoming games. The game cancellations were part of a business restructuring that Ubisoft announced on Wednesday, January 20. The restructuring also includes layoffs of hundreds of employees across multiple studios and the closure of two different studios under its umbrella.
One of the cancelled games was the Prince of Persia: Sands of Time Remake that Ubisoft announced all the way back in 2020.

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