Do not panic, but Tencent just purchased 29% of Funcom

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No matter if you adhere to Funcom for its old-college MMORPGs like Anarchy On the net and Secret Planet Legends, its survival sandbox Conan Exiles, or its up coming Dune franchise titles, you will be intrigued to know that Funcom and Tencent announced this morning that the Chinese firm has acquired 29% of the Norwegian studio’s stock shares.

“Tencent, a top World-wide-web firm with a powerful on the net games operation, entered into a share buy agreement to obtain 29% of the shares in Funcom, the independent developer and publisher of games such as Conan Exiles, The Secret Planet, and Mutant Year Zero: Road to Eden. The acquisition tends to make Tencent the biggest shareholder in Funcom. Funcom is listed as Funcom SE on the Oslo Stock Exchange (OSE: Funcom). Tencent has agreed to obtain all shares belonging to the Norway-primarily based KGJ Capital AS, which is at present the biggest shareholder in Funcom.”

“Tencent has a reputation for becoming a accountable extended-term investor, and for its renowned operational capabilities in on the net games,” Funcom CEO Rui Casais says in the announcement. “The insight, encounter, and understanding that Tencent will bring is of fantastic worth to us and we appear forward to functioning closely with them as we continue to create fantastic games and develop a prosperous future for Funcom.”

Notably, the PR does mention the DUNE IP numerous instances and suggests that the very first game, the open-globe sandbox, is “working closely with Legendary Entertainment who will be releasing a new DUNE function film in December 2020 directed by Denis Villeneuve.”

Tencent, of course, is properly recognized for its stake in numerous other studios we cover ’round right here, which includes Grinding Gear, Riot, Frontier, and Epic.

Supply: Press release

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