Shares in Ubisoft rose sharply as they resumed trading on the Paris stock exchange Friday, a week after the French video game company stunned investors by postponing its results announcement without an explanation.

The move, accompanied by a share suspension, had triggered much speculation in the video gaming world, including on a possible takeover operation in a consolidating industry.

But it was actually, the company said Friday, due to a simple "restatement" of its half-yearly results after new auditors found problems with the way Ubisoft had accounted for a partnership.

"This is why we needed more time," finance director Frederick Duguet told a conference call.

Ubisoft's stock was quoted 11.5 percent higher at 7.55 euros in morning business on Paris stock exchange as investors brea

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