The announcement of a reorganization, the cancellation of game developments and the closure of studios marks the end – at least for now – of a series of difficulties that have thrown the company into turmoil.

In a note to investors on Wednesday, Ubisoft CEO Yves Guillemot acknowledged that the company's "second quarter fell short of expectations" and vowed to launch "a review aimed at further improving our execution." But Guillemot also addressed some of the ...

Ubisoft Montpellier and Ubisoft Milan are “working together on the future of Rayman,” brand producer Loic Gounon said in a video message celebrating the series’ 30th anniversary. Rayman first launched for the original PlayStation on September 1, 1995.

On Wednesday, French video game giant Ubisoft announced that it expected to make huge losses this year. It is canceling the development of six video games and postponing seven others. Shares plummeted 33% in a record drop for the firm.

A minority shareholder in Ubisoft is attempting to organize a protest outside the company's Paris headquarters, accusing it of failing to disclose alleged discussions with Microsoft, EA, and others publishers reportedly interested in acquiring its franchises.