** Shares in Ubisoft UBIP.PA rise as much as 4.3% after Bloomberg News reported that Chinese investment holding Tencent 0700.HK and the Guillemot family are said to mull a new venture for the video game producer's assets
** TP ICAP MidCap analyst Charles-Louis Planade points to the rumours as the reason behind the share reaction, after Ubisoft's market cap hit the 1.5 bln euro ($1.54 bln) mark on Tuesday's close, having wiped off nearly half of its value in 12 months
** Ubisoft's spokesperson said in an e-mailed statement that no comments will be made until a strategic review has been completed
** "Ubisoft will inform the market in accordance with applicable regulations if and once a transaction materializes," he adds
** At 0928 GMT, the stock is up 3.3%, among top gainers on France's SBF 120 index .SBF120 and on track for its best day since end-December if the gains hold
($1 = 0.9712 euros)
(Reporting by Mateusz Rabiega)
((Mateusz.rabiega@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.