From Breakingviews - Gaming’s winter of discontent bolsters M&A logic
, which has seen its market capitalisation more than halve this week to around $230 million. Ubisoft’s shares fell 20% on Thursday, and Chief Executive Yves Guillemot now plans to focus more on its biggest franchises, such as “Assassin’s Creed”.
As consumers and companies focus on “mega-brands”, smaller firms will struggle to attract staff, and match investment. That could mean consolidation. Sony, for example, will need to bulk up in response to Microsoft’s
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