Ubisoft shares hit by game delays

<p>Ubisoft’s share price dropped after it announced game delays.</p>

The share price of Ubisoft plummeted yesterday (October 16th) after the company revealed delays have forced back the release date of its next major games.

It was announced in a statement by the developer that Watch Dogs will now miss out on being a launch title for the PlayStation 4 and Xbox One.

Open-world racing game The Crew has also been put back and neither game will be on shelves before the start of the new financial year in April.

Stocks in the company dropped by a quarter on the back of the news, which chief executive Yves Guillemo described as being a tough decision.

"We are building franchises that will become perennial pillars of Ubisoft's financial performance," he added, noting the extra time will help developers to build a better game.

Despite the share price of the company collapsing yesterday, the firm has bounced back today and its stocks were trading 2.44 per cent up for the day at 14:55 BST.

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