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UbisoftCNBC
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Shares of Ubisoft surged over 30% before paring gains slightly to trade at 28% as of 3:41 p.m. time.
The European gaming giant has been in a state of uncertainty lately amid investor concerns over its lackluster triple-A games pipeline and management of the company.
Last week , Ubisoft said it was postponing the release of the next title in its popular games series, "Assassin's Creed Shadows ," by three months to Feb. 14, 2025 .
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