Eastman Kodak has tapped Orbitz chairman Jeffrey Clarke as its new CEO, taking over from Antonio Perez.
The photography and film pioneer, which emerged from bankruptcy in September, said Wednesday that Perez will remain as a special adviser to its board. Perez, 68, had served as CEO since 2005.
Clarke will continue as chairman of online travel company Orbitz Worldwide Inc. The 52-year-old Clarke is the co-founder of private investment firm Augusta Columbia Capital and served as a managing partner there.
Clarke will also become a member of the board of directors at Eastman Kodak Co.
Shares of Kodak, based in Rochester, N.Y., fell 73 cents, or 2.7 percent, to $26.50 in morning trading. Its shares had fallen more than 24 percent so far this year through Tuesday.
Ubisoft shares jump following reports of Tencent, Guillemot family considering buyout
Shares of Ubisoft jumped more than 30% Friday, following reports that Tencent and the Guillemot family are considering a buyout of the video game maker.
Bloomberg news reported that Tencent and Guillemot family — minority stakeholders in Ubisoft — have been discussing ways to stabilize the company after it lost more than half its market value this year. Shares surged 33.5% to about $15.57 Friday, according to FactSet.
Ubisoft declined to comment. Tencent did not immediately respond to a request for comment.
France-based Ubisoft is the publisher behind the well-known franchise "Assassin's Creed." Ubisoft's shares fell last month to their lowest point in more than a decade after its latest title "Star Wars Outlaws" underperformed and the company announced that it would delay the latest "Assassin's Creed" game.
Yves Guillemot, Ubisoft's CEO, said in a statement last week that the company's "second quarter performance fell short of our expectations."
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