The gaming giant is closing
Photo: Kamil Zihnioglu/AP/TT

The gaming giant is closing its Stockholm studio

French gaming giant Ubisoft plunged 34 percent on the Paris Stock Exchange after the company launched a savings program and canceled six game projects.

Advertisement

The gaming giant, which is behind games like "Assassin's Creed," recently announced that it will close its Stockholm game studio and a studio in Halifax, Canada. Game studios in Malmö, Helsinki and Abu Dhabi will be reorganized.

The company is taking a €650 million write-down for the restructuring. Ubisoft now expects losses of around €1 billion, equivalent to around SEK 10 billion, for the full year 2026.

In this story
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
Was this useful?

What do you think?

Keep readingmore from Business

All