$UBI (-0.07%) goes steep....
If the latest reports on the Internet are true, Tencent and the Guillemot family are interested in taking over or privatizing Ubisoft.
"Tencent Holdings Ltd. and Ubisoft Entertainment SA's founding Guillemot family are considering a possible takeover of the French video game developer after it lost more than half its market value this year, according to people familiar with the matter," Bloomberg reports.
Tencent and the Guillemot family are also reportedly considering taking Ubisoft private. According to Bloomberg, Tencent and the Guillemot family are also considering other options. Spokespeople for Ubisoft and the Guillemot family declined to comment to Bloomberg. A Tencent representative was unable to comment while on vacation in China.