Tencent becomes largest shareholder in Funcom

Funcom

Funcom has announced that Tencent has purchased 29% of its available shares making it the largest shareholder in the company. Tencent purchased all available shares from KGJ Capital AS which was the largest shareholder up to now. Funcom is the developer behind Secret World Legends, Conan Exiles, and Mutant Year Zero: Road to Eden.

In addition to the titles mentioned above, the Norwegian developer recently announced that it had secured the rights to create games based on the DUNE franchise. Both PC and console games are planned for the next six years. The company has revealed that it is already at work on “an open world sandbox game set in the DUNE universe and is currently working closely with Legendary Entertainment that will be releasing a new DUNE feature film in December 2020”.

“We are very pleased to see Tencent come in as the largest shareholder of Funcom,” says 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 are 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 us.”

Read the full press announcement on the Funcom official site.

Written by
Suzie is an avid gamer and has been since 1995. She lives in the desert with her own personal minion while dreaming of pixel worlds beyond Earth.

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