Chinese Tencent has made a voluntary cash offer to acquire all shares in Norwegian game developer Funcom.
Shenzhen-based Tencent, a leading Internet company with a strong online games operation, is a shareholder in many leading gaming developers, such as Riot Games, Epic Games, Supercell, Ubisoft, Paradox Interactive and Frontier.
From Conan to Dune, Oslo-based Funcom is best known for its multiplayer games. The Norwegian game developer is currently working on a brand-new Dune title.
Tencent already owns close to 29 per cent of the shares in Funcom. News of the intended takeover was greeted with enthusiasm by Funcom CEO Rui Casais.
“We have a great relationship with Tencent as our largest shareholder and are excited about this opportunity,” says Funcom CEO Rui Casais. “We believe that the support of Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”