Rob Rankin has been named president and CEO of Minneapolis-based ad agency Clarity Coverdale Fury. He has been with the agency for 18 years in a variety of capacities, most recently as VP and director of brand development.
Founder Tim B. Clarity, who remains actively involved in the agency and manages a number of the shop’s key brands said, “Rob’s business acumen and marketing savvy make him a perfect fit for this role. Of equal importance is that in his 18 years here, Rob has not only developed a deep understanding of our culture, but has helped shape it.”
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 โ minority stakeholders in Ubisoft โ 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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