Tencent Seeks to Acquire Full Ownership of Funcom

Tencent today announced a voluntary cash offer to acquire all shares in Norwegian game developer Funcom. Tencent is a shareholder in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier. The company already owns close to 29% of the shares in Funcom. Following the intended acquisition, there are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business. Funcom are currently developing an open world multiplayer survival game based on Frank Herbert’s Dune.