According to sources within Ubisoft, the company is currently in negotiations with THQ (or their new owners at Clearlake Capital) but aren’t willing to drop the dosh on THQ until the price drops to bottom-barrel levels. Ubisoft are reportedly prepared to hold out until THQ becomes desperate enough to sell off specific assets — presumably, one or two key franchises that the French company have had their eye on.
Ubisoft have made no comment, and considering the nature of the story, probably won’t. More as it happens!
Source: MCV UK