A Bloomberg report had earlier said that Tencent might be exploring the possibility of teaming up with Ubisoft’s founding family, the Guillemots, to take the company private. Sources close to the situation had told the publication that talks were ongoing,

Ubisoft is addressing rumors that Tencent is exploring a buyout of the French game publisher — though it isn’t saying much right now. In a statement on Monday, Ubisoft said it “regularly reviews all its strategic options in the interest of its stakeholders and will inform the market if and when appropriate.

Tencent Holdings Ltd. and Ubisoft Entertainment SA’s founding Guillemot family are considering options including a potential buyout of the French video game developer after it lost more than half its market value this year,