Gaming giant Tencent is reportedly working with Ubisoft’s founders the Guillemot Family for a buyout of the company.

This news comes after Ubisoft’s stock prices fell to their lowest in over a decade, due in part to a string of underperforming titles and a delay for their upcoming Assassin’s Creed game. The Guillemot Family is reportedly discussing a buyout from Tencent as a means to stabilize Ubisoft as well as help them maintain some control over the company.

Tencent is a major investor in the videogame space, and already owns some shares in Ubisoft, making this report somewhat unsurprising. Nintendo enthusiasts would also be aware that Tencent is Nintendo’s partner for distributing the Switch and its games in China.

That said, at the time of this writing, it seems an actual deal has yet to be crystalized. Stay tuned for more updates as they come.

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