Stock Movers Anglo Down, Ubisoft Jumps, M&C Saatchi Cut Outlook
Nov 24, 2025
Louise Moon, Bloomberg's Breaking News Editor, breaks down recent market moves. She reveals BHP's surprising withdrawal from the Anglo American takeover bid, highlighting its implications for the Anglo-Teck resources merger. Ubisoft saw a significant share price surge after securing a €1.16 billion investment from Tencent, which also alleviated concerns about a loan breach. Meanwhile, M&C Saatchi's outlook was negatively impacted by the prolonged U.S. government shutdown, illustrating the advertising sector's ongoing struggles amid macroeconomic pressures.
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BHP Walked Away From Anglo Bid
- BHP made a fresh takeover approach for Anglo American but confirmed it had initial talks and walked away.
- That ended speculation and de-risked Anglo's planned merger with Canada's Teck Resources ahead of a shareholder vote.
Tencent Investment Stabilizes Ubisoft
- Ubisoft closed a €1.16bn investment from Tencent into its Vantage Studios unit and will use proceeds to pay down debt.
- The deal eased immediate funding worries after a recent revenue restatement and loan covenant concerns caused a share slump.
Deal Counters Loan-Breach Fears
- Ubisoft's earlier share slump followed reports it breached a loan agreement after an auditor-ordered revenue restatement.
- The Tencent deal provided the financial relief the company needed to address those concerns.