Tencent Looking to Acquire Full Ownership of Funcom - Videogames Blogs

Tencent Looking to Acquire Full Ownership of Funcom



Tencent is looking to acquire full ownership of developer and publisher Funcom. Funcom is a publically traded company and Tencent currently owns around 29% of the company. Tencent says it will be offering all shareholders 17.00 NOK per share during a period starting in February. Funcom?s current management has announced that they will back the decision and that shareholders should accept the offer. Should the acquisition go through, Tencent has no plans to change management or how the studio operates at all, and that no one new will be brought in. Funcom will effectively get to continue to operate as-is.
Funcom CEO Rui Casais had the following to say about Tencent?s deal:

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