Spielwarenmesse: Tencent moves to acquire game developer Funcom

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Tencent moves to acquire game developer Funcom

23. January 2020 13:50 h

By toybook.com

  • Tencent Cloud Europe is looking to add to its gaming portfolio.

The internet company, which owns shares in game developers including Riot Games, Epic Games, Supercell, Ubisoft, Paradox, and Frontier, made a voluntary cash offer to acquire Norwegian game developer Funcom. Tencent’s technology already powers many games and the company holds nearly 29% of all shares in Funcom.

Pending approval of its board, Funcom, plans to “increase the ambition level” of its upcoming open-world survival game based on Frank Herbert’s Dune.

Following the intended acquisition, which will be up for shareholder approval beginning next month, the company plans no changes to its management, staffing, or structure. Funcom says it will continue to support its long-running online games Conan Exiles, Secret World Legends, Age of Conan, and Anarchy Online.

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