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Ubisoft and Tencent considering buyout, taking the company private - report

Tencent and Assassin's Creed maker Ubisoft are considering a buyout.

"The Chinese tech company and Guillemot Brothers Ltd have been speaking with advisers to help explore ways to stabilise Ubisoft and bolster its value," Bloomberg's report reads. This letter described Ubisoft as "a great company" that is "deeply undervalued" due to mismanagement from the Guillemot family and Tencent. It is not certain these discussions will ultimately lead to a transaction taking place, with Tencent and the Guillemot family also said to be considering other options at this time.

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