Tencent Looks to Acquire Full Ownership of Funcom

It looks like Tencent wants to acquire Funcom in a voluntary cash offer. Here are the details.

Details come via a press release where Funcom CEO Rui Casais expressed his excitement,

“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity. We will continue to develop great games that people all over the world will play, and we believe that the support of Tencent will take Funcom to the next level. Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”

Basically, Tencent is offering all shareholders NOK 17.00 per share, which is 27.3% higher than the closing price of Funcom shares on January 21st, 2020. At this point, shareholders are free to either accept or reject the offer during the offer period, which is expected to start early February. Funcom’s management board and supervisory board have unanimously decided to recommend shareholders to accept the offer.

As of now, no management changes are planned for Funcom, and they’ll continue to support their games like Conan Exiles, Secret World Legends, Age of Conan, and Anarchy Onlin