trending Market Intelligence /marketintelligence/en/news-insights/trending/aVUJYXniSd_M2G0oFjGgMg2 content esgSubNav
In This List

Tencent to acquire game developer Funcom

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Video

Root and Branch - July 2021: ELFA Survey, Greenium and KPIs

Blog

Can private clouds ever really compete with the public cloud?

Blog

Esports, short-form content engaging more fans across Asia


Tencent to acquire game developer Funcom

China's Tencent Holdings Ltd. is to fully acquire Norwegian game developer Funcom SE in a deal valuing the company at about 1.33 billion Norwegian kroner.

Both Funcom's management board and supervisory board recommended its shareholders accept the Chinese internet company's voluntary cash offer of about 17 kroner per share, according to a company statement. The offer period is expected to start in early February.

Tencent already owns about 29% of Funcom.

As of Jan. 21, US$1 was equivalent to 8.97 Norwegian kroner.