Ubisoft Entertainment SA’s founding Guillemot family are considering creating a new venture that would include certain Ubisoft assets as they seek to boost the French video-game company’s value, people familiar with the situation said.

Ubisoft and Tencent are said to be "evaluating which assets to include" in a potential new venture. A new report may contain fresh clues about the apparent partnership between Ubisoft and Tencent, Ubisoft's fortunes continue to slide and the company looks for a way forward.

Tencent and the Ubisoft founders the Guillemot family are reportedly mulling over building a new venture. According to people familiar with the situation, the new entity would include certain assets from the French gaming company in order to boost the its value.