The The largest gaming company in the world it looks to grow bigger. You already own shares in Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier, Chinese company Tencent announces plans to acquire full ownership of Norweigian Funcom developers, makers of Conan captives, Conan Age, Anarchy Online, again The World of Secrets
Tencent, which already owns a number of shares in Funcom, today announced a multimillion-dollar buyout to buy everything that has not yet been allocated. At the time of the offer offer, which begins in early February, Tencent will purchase Funcom shares from current owners 17.00 Norweigian krone per section, 27.3 percent higher than the closing price of shares of Funcom on January 21, 2020. Funcom's guidance and advisory board recommending shareholders accept the offer
"We have had a great relationship with Tencent as shareholders shocked and excited about the opportunity," Funcom chief executive Rui Casais said in a news release.. "We will continue to grow the best games that people will play in the world, and we believe that Tencent's support will take Funcom to the next level."
Funcom Games will continue to operate as normal during and after the same period. Development of the latest title of Funcom, an open-source survival game based on Frank Herbert Dune, is expected to increase at a rate following adoption.
Tencent to quietly buy them all gaming. Who will Tencent buy next? Stay tuned, financial travelers.