Chinese gaming giant Tencent and the Guillemot family consider buying struggling Ubisoft.

Ubisoft shares surged over 30% following reports that Chinese gaming giant Tencent and the Guillemot family are contemplating a buyout of the struggling video game company. Ubisoft, known for the "Assassin's Creed" franchise, has seen its stock plummet by over 50% this year due to underperforming titles and postponed releases. No official comments have been made by Tencent or the Guillemot family regarding the potential buyout discussions.