Tencent Finalizing Buyout Of Funcom Today

QuintLyn Bowers
By QuintLyn Bowers, News Editor July 14, 2020
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It looks like the time has finally come. Almost seven months after announcing their plans completely buy out Funcom it appears Tencent is finalizing it today. After close of stock trading today, Tencent will acquire the final 4.89% of shares needed to gain complete ownership of the Age of Conan and Secret World Legends developer.

The notice of the final acquisition was posted on cision.com earlier today. Of course, the notice doesn't include what Tencent's plans are for any of Funcom's games. For the most part, it seems likely they'll continue as normal as all of them (with the exception of SWL) seem to be doing fairly well. We'll just have to wait and see.

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About the Author

QuintLyn Bowers
QuintLyn Bowers, News Editor
QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various hobby sites a little over ten years ago and has taken on various roles in the games community.

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