Ubisoft shares are up 15% on the stock market, and Tencent is entirely to blame, according to Reuters.

According to the news agency, the Asian giant is looking to expand its involvement with Assassin’s Creed’s parents.

The video game industry is going through a very turbulent time, with industry giants and smaller studios operating large trades and companies like Ubisoft skeptical about its future. After some bad financial results and the announcement of several cancellations, today Tencent Games’ interest in expanding its involvement in the company has become known, which means Shares of the company rose in Paris.

Up to four sources with direct knowledge of the matter told Reuters agency the Asian conglomerate’s desire to further enter Ubisoft’s capital. Although Ubisoft is not experiencing its best moments right now, unlike some of Tencent Games’ recent acquisitions, it is not clear what level this operation will be, considering it is one of the giants in the industry.

Tencent Games already owns 5% of Ubisoft’s equitywe must remember that Tencent Games already owns 5% stake in UbisoftIn mid-2018, he bought each share for 66 euros. But since then, the Asian holding company has been more interested in increasing its presence in the industry by tapping into other companies’ capital and buying 100% of the different companies. studios, like the creators of Back 4 Blood in December.

Now they’re back in the fray, and according to Reuters sources they would always offer up to 100 euros to get a higher percentage of shares, which could allow them to become Ubisoft’s largest individual shareholder if the operation is concluded successfully. superior The Guillemot family, which owns 15% of the companythe remaining 80% of the capital will be in the hands of public investors.

Naturally, neither Tencent nor Ubisoft confirmed the operation, but the French giant’s shares are up about 15% right now. In addition, the price of Guillemot Corp. rose 7.18% at the time of writing.

As we said at the beginning, Ubisoft is far from experiencing a quiet period and rumors of its first purchase this year do not shake it. Starting with Assassin’s Creed, which has been featured a lot in network gossip in recent weeks, followed by Far Cry, Splinter Cell, etc. We’ll have to watch out for the future of a developer responsible for some of the most beloved series among the public, starting with .

Tencent Games owns stakes in Epic Games, Paradox Interactive, Kadokawa Corporation (FromSoftware), Bloober Team, Marvelous, among an infinite number of different companies, and Funcom owns 100% of Riot Games – developers of League of Legends—, Sumo digital, etc.