Tencent Attempts to Buy Funcom. Funcom, best known for Age of Conan, Conan Exiles, The Secret World and Anarchy Online is a Norweigian developer.  They are currently working on a brand-new game based on Dune.  

“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity,” says Funcom CEO Rui Casais. “We will continue to develop great games that people all over the world will play, and we believe that the support of Tencent will take Funcom to the next level. Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”

Funcom is a publicly traded company on the Oslo Stock Exchange.   Tencent has offered a 27.3% premium to shareholders.  

Steven Ma, Senior Vice President of Tencent, commented:

“We are impressed by Funcom’s strengths as a developer of open-world multiplayer, action and survival games. Funcom has a strong track-record in developing new titles with long life span. We are glad to deepen our relationship with Funcom and look forward to collaborating with Funcom to deliver more exciting and enjoyable game experiences to fans worldwide.”

Funcom is enjoying its most profitable years since it was founded in 1993.  Funcom's management has unanimously recommended that shareholders accept the offer. 

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Last Updated: Jan 22, 2020

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