The company’s market capitalization now stands at approximately 1.8 billion ($2 billion).

One possibility under consideration is taking the company private.

Some minority shareholders, including AJ Investments, have beenpushing for either privatizationor a sale to a strategic investor.

Ubisoft stock surges following Tencent and Guillemot buyout discussions

The discussions are still in early stages, and there’s no guarantee they will result in a transaction.

Both Tencent and the Guillemot family are also considering other alternatives, Bloomberg said.

Ubisoft has been struggling for a few years after facing intense development pressures during the pandemic.

This led to setbacks in launching new titles and the cancellation of some projects in development.

The company then decidedto delaythe release of the next Assassin’s Creed entry, Shadows, for further refinement.

It admitted this was a result of “the learnings from the Star Wars Outlaws release.”