Ubisoft cancels six games including Prince of Persia and closes studios

Ubisoft has cancelled six games, including a remake of Prince of Persia: The Sands of Time, and closed two studios as part of a major restructuring. The company is also delaying seven titles and restructuring three other studios. Ubisoft boss Yves Guillemot said the move would "create the conditions for a return to sustainable growth". The firm's shares plunged by 33% on Thursday morning following the announcement.