THE FUSE

There were always three big possibilities for why Ubisoft had cryptically delayed its latest earnings report just minutes after it was already supposed to go live. The first was a big injection of new cash, say from a sovereign wealth fund like Saudi Arabia’s. The second was an outright sale of a major portion of the company, maybe to its current backstop investor Tencent. The third was much more mundane: an accounting error. After a week of speculation, the Assassin’s Creed publisher confirmed that was indeed the reason for the delay.