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  • Tencent Looking to Fully Acquire Conan Developer Funcom

    in News

    Tencent Looking to Fully Acquire Conan Developer Funcom

    The Chinese tech giant already owns 29% of Funcom.

    In August 2019, Tencent became the largest shareholder of game developer Funcom. The Chinese tech giant had upped their ownership to 29% at that point in time. Today, Tencent announced that they have created a cash offer to acquire all shares of Funcom.

    As it stands, Funcom is publically traded on the Oslo Stock Exchange. Tencent is looking to acquire shares from all other shareholders. They are offering them 17 Norwegian...
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  • Tencent Becomes Largest Shareholder in Developer Funcom

    in News

    Tencent Becomes Largest Shareholder in Developer Funcom

    The Chinese tech powerhouse now owns 29% of Funcom.

    Funcom, the developer behind games like Conan Exiles and Age of Conan, looks to be the latest game development studio that Tencent has set its sights on. Tencent has picked up a 29% stake in Funcom. This makes the Chinese tech and game company the largest shareholder in Funcom.

    It's perhaps no real surprise that Tencent wants a piece of Funcom as the studio recently had its most profitable year. Funcom and Legendary Entertainment...
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