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

Tencent to acquire game developer Funcom

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero

Blog

Broadcast deal market recap, Q2'22

Blog

Japan M&A By the Numbers: Q1 2022

Podcast

Next in Tech | Episode 77: Language in Tech


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.