Tencent Is Looking To Buy All Of Funcom
In the not-too-distant future, Funcom may be completely owned by Tencent. The Chinese-based company already owns 29% of shares in the developer and announced earlier today that it is seeking to buy all outstanding shares from holders. Tencent is offering shareholders a 27.3% increase over the current value of the stock, so it seems pretty likely they'll walk away owning them all.
According to the press release on the Funcom site, Tencent has no current plans to make any structural changes to the Oslo-based company. Management, staff, and structure will reportedly stay the same and support will continue to be offered for all existing games.
Of course, this is all still in the works, so we'll have to wait to see how things pan out. We do know that Funcom has advised shareholders to take the offer.
About the Author
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.
You May Enjoy
New Water-Themed Hero Added To Naraka: Bladepoint Roster
Valda Cui, The Sea Dragon, uses the power of water to dominate her foes.By QuintLyn Bowers - 1 week ago
Sega Outlines Changes To The Meseta System In PSO2: New Genesis
The changes are designed to address player feedback on the system.By QuintLyn Bowers - 1 week ago
Standing Stone Games Making Big Changes To DDO's Epic Destinies
Also, you can get a load of free quests in LotRO!By Jason Winter - 4 days ago
Vampire Survival Game V Rising Gets First Gameplay Trailer
Sink your teeth into it.By Jason Winter - 1 week ago
Fight Against Tyranny In Season IX Of Conqueror's Blade, Coming Later This Month
Axe-throwers, javelin cavalry, and "explosive force" are the season's new unitsBy Jason Winter - 1 week ago
Like It Or Not, Eve Online Is Now On The Epic Games Store
It was only a matter of time, really.By QuintLyn Bowers - 4 days ago