Tencent, a leading internet company with a strong online gaming sector, has entered in a share purchase agreement of 29% of Funcom from Norway-based KGJ Capital AS. Funcom is an independent developer and publisher of games such as Conan Exiles, The Secret World, and Mutant Year Zero: Road to Eden. This acquisition will make Tencent the largest shareholder. Funcom is listed as Funcom SE on the Oslo Stock Exchange (OSE: Funcom).
“We are very pleased to see Tencent come in as the largest shareholder of Funcom,” says Funcom CEO Rui Casais. “Tencent has a reputation for being a responsible long-term investor, and for its renowned operational capabilities in online games.The insight, experience, and knowledge that Tencent will bring is of great value to us and we look forward to working closely with them as we continue to develop great games and build a successful future for Funcom.”
Funcom has recently announce that the company has acquired the exclusive rights to develop and publish PC and console games based on the DUNE IP for the next six years. They are already working on an open world sandbox game set in the DUNE universe.
