Tencent Considers Buying Ubisoft to Save it From Financial Ruin

Tencent, the Chinese tech giant, is reportedly in discussions with Ubisoft to explore potential solutions to improve the French gaming company's value and prevent financial collapse. Ubisoft, known for popular franchises like Assassin's Creed, has been struggling due to delayed releases, such as Assassin's Creed Shadows, and underperforming titles like Star Wars Outlaws and Skull and Bones.

According to a Bloomberg report, Tencent is in talks with Ubisoft's founding Guillemot family regarding a possible acquisition. The discussions involve various strategies, including the possibility of taking Ubisoft private. This comes after Ubisoft lost over half of its market value this year, but the news of a potential buyout has already led to a rebound in its share price. The talks signal hope for the company's stabilization, as investors are optimistic about Tencent's involvement.