Tencent secures 95+ percent of Funcom shares


from Karsten Scholz
Update: Funcom now belongs almost entirely to the Chinese technology group Tencent. Original: In a press release, those responsible at Funcom announced that Tencent would buy the shares in KGJ Capital AS. This makes the Chinese Internet company the largest partner of the Norwegian publisher and developer.

Update from July 15, 2020
The managers at Tencent closed the bag and have now secured 95.11 percent of Funcom's shares. In January the Chinese made it clear that they would be happy to take over the Norwegian studio completely. Tencent is said to have offered $ 148 million half a year ago. As soon as the remaining shares have changed hands, Funcom is to be removed from the list of companies for the Oslo Stock Exchange.

It remains to be seen how the takeover will affect current games like Secret World Legends or Conan Exiles and projects like Dune. The only announcement in January was that if you took over, you would like to invest even more resources in the video game adaptation of Frank Herbert's desert planet novel series (via Golem).

Source: Funcom

Original message from October 01, 2019
Become Funcom 2nd quarter 2019 financial report who has read that the Norwegian publisher and developer is currently doing very well. Conan Exiles was and is a complete success, with Mutant Year Zero: Road to Eden and Conan Unconquered two more good games were released and thanks to various exciting projects, including the Dune-IP, the future should be successfully shaped.

It is therefore not surprising that Tencent has an eye on Funcom. And even more: In a press release, those responsible at Funcom announced that the Chinese Internet company will buy the shares in KGJ Capital AS. This makes Tencent the largest partner of the Norwegian publisher and developer.

Rui Casais, the CEO of Funcom, is looking forward to working with Tencent, who has a reputation for being a responsible, long-term investor who, with his insight, experience and knowledge, will bring a lot of positives to the collaboration. In fact, this move puts Funcom in a long line of companies from the games industry where Tencent already has their fingers in the game. Also standing in line, for example Riot GamesEpic Supercell, Ubisoft, Activision Blizzard, Paradox, Frontier or Miniclip.

Source: Funcom

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