French video game development and publishing company, ubisoft, There was a significant increase in the value of its shares. The Paris Stock Exchange is up more than 7 percent.
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This news comes after the company announced a success. Agreement to acquire cloud streaming rights to Activision Blizzard video games, Including both existing games and games that will be released in the next 15 years after Microsoft’s acquisition of the creator of ‘Call of Duty’ is complete.
According to Ubisoft, this decision for PC and console will give them worldwide exclusive rights to publish Activision Blizzard games, with the exception of non-exclusive publishing rights in the European Economic Area. In addition, the company emphasized that the latter will be permanent.
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Video game developer argues this acquisition will strengthen its industry content offering Ubisoft+ subscription service, and will also allow the company to license streaming access to Activision Blizzard’s catalog of games, including future releases, to cloud gaming companies, service providers, and console manufacturers. This, in turn, will expand players’ access to streaming services.
Chris Early, “Today’s deal will give gamers more opportunities to access and enjoy some of the biggest gaming brands,” said Ubisoft’s Senior Vice President of Strategic Partnerships and Business Development.
This move was also reflected in the Paris Stock Exchange, where its shares are located. Ubisoft experienced a 7.17 percent increaseIt reached a value of 28.83 euros before the half session.
The French company’s decision to acquire the cloud streaming rights to Activision Blizzard’s games is part of Microsoft’s restructuring to acquire Activision.
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Faced with the original deal being blocked by the UK Competition and Markets Authority, Microsoft and Activision submitted a restructured deal. It prevents the American multinational company from acquiring the rights to existing games (for PC and console) and future Activision’s cloud.
Instead, these rights will be sold to Ubisoft Entertainment before Microsoft completes its acquisition of Activision.
The legal deadline for the decision on the restructured agreement is 18 October 2023.
*This content was prepared with the help of artificial intelligence based on information published by Europa Press agency and reviewed by a journalist and editor.
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
