Ubisoft has officially responded to rumors that recently surfaced that Chinese tech giant Tencent could take over the French gaming company. While the company did not make a clear statement on the matter, it did state that it regularly reviews its strategic plans and informs the public if any major development occurs.

As you may recall, a report recently published by Bloomberg revealed allegations that the Guillemot family, the founders of Tencent and Ubisoft, were exploring options to strengthen the company and increase its value.

Ubisoft is melting by the day

Ubisoft shares lost 19% of their value last month due to the delay in the launch of Assassin’s Creed Shadows and lower-than-expected sales of Star Wars Outlaws. This led to further speculation about the future of the company.

According to Bloomberg’s report, one of the options Ubisoft is considering is privatizing the company. Currently Tencent owns about 10% of Ubisoft and also shares 49.9% of Guillemot Brothers Ltd.

Could Tencent buy Ubisoft?

Naturally, the takeover of Ubisoft should not introduce the element of unfair competition. As you may remember Microsoft’s acquisition of Activision had a major impact in the gaming worldUntil the deal was completed, Microsoft had to defend numerous times that this acquisition did not involve any element of unfair competition.

If Ubisoft is a gaming company of similar size, we could be in for a long acquisition process if this deal comes to fruition. We should also point out that Tencent is one of the largest companies in the gaming industry and owns many major brands such as Riot Games.

So what do you think about this issue? Do you think Tencent will buy Ubisoft? You can share your thoughts with us in the comments below.