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Ubisoft shares jump 12% on Clancy purchase

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According to this, Ubisoft's shares rose 12 percent to €54.98 on the news it had bought all rights to the Tom Clancy brand last week. Before the spike, shares in the French firm had slid 29 percent this year.

Ubisoft is thought to have paid in the region of €60 million for the IP, and now owns all rights to publish books, games, movies and merchandise related to the franchise.

President Yves Guillemot also confirmed that the publisher is to start work on a Clancy-based MMO in the wake of the deal.

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