Ben is a News Writer at Pure Xbox, and is a fan of action, racing and straight-up shootin' in any Xbox game he can get his hands on. When he's not clutching an Xbox controller like his life depends on it, Ben spends his time listening to music that's far too old for him, watching football on the telly and probably eating somewhere.

A new report has come out on Friday suggesting Ubisoft could be seeking big backers for its IPs like Tencent amid floundering profits.

Assassin's Creed and Far Cry publisher Ubisoft is reportedly considering the creation of a new gaming-focused entity for some of its core IP.

In recent months, we've seen that Ubisoft is still seeking investment from somewhere as it wrangles with game delays and general management difficulties - and a new bit of information has come to light today that suggests Microsoft has held discussions with the company over the future of its gaming IP.

Ubisoft (OTCPK:UBSFY) is looking for investor backing for a new entity that will include some of its core video-gaming assets, including Assassin’s Creed, people familiar with the situation told Bloomberg.

One of Ubisoft's shareholders accuses the French video game publisher of entering IP acquisition talks with companies like EA and Microsoft.