Ubisoft cancels three games and slashes targets, citing 'worsening macroeconomic conditions'

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Ubisoft cancels three games and slashes targets, citing 'worsening macroeconomic conditions'
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Ubisoft said it expects its 2022 net bookings to fall 10%, after an earlier forecast called for an increase of 10%.

Ubisoft said it expects 2022 net bookings to come in at 725 million euros , lower than an earlier target of 830 million euros.

Ubisoft said 2022 net bookings will likely fall 10% after an earlier forecast called for an increase of 10%.Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin's Creed. But analysts said this has effectively closed the door on a full takeover of the company.

For the full year, Ubisoft said it expects its 2022 net bookings to fall 10%. The company had earlier forecast net bookings growth of 10%.

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