Ubisoft Evaluates Strategic Options Amidst Potential Tencent Takeover: An Inside Look

Ubisoft, the company behind Assassin's Creed, is considering 'strategic alternatives' in light of reports of a potential takeover by Tencent. The French gaming giant, often speculated to be a target for acquisition, has chosen not to comment on Tencent's alleged interest in buying the company.

Ubisoft announced that they would update the market as and when necessary. When queried about potential proposals from interested buyers, a Ubisoft spokesperson chose not to provide additional comments.

Ubisoft's stock initially surged by as much as 6% on Monday following the announcement, outperforming the SBF 120 index. However, it took a downturn and fell by 1.8% around 5pm, according to Hong Kong time.