trending Market Intelligence /marketintelligence/en/news-insights/trending/PYqZLPwEk6A7FoHFsvPoww2 content esgSubNav
In This List

Tencent to buy 29% stake in game developer Funcom

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Tencent to buy 29% stake in game developer Funcom

Tencent Holdings Ltd. will acquire a 29% stake in game developer and publisher Funcom SE for an undisclosed amount.

Under the deal, the Chinese internet giant will buy all the shares held by Funcom's biggest shareholder, Norway-based KGJ Capital AS.

Funcom is the company behind games such as "Conan Exiles," "Age of Conan," "The Secret World," "Mutant Year Zero: Road to Eden" and "Anarchy Online."

Tencent, meanwhile, owns other gaming developers such as Finland's Supercell Oy and Switzerland's Miniclip Group SA. The company also has stakes in France's Ubisoft Entertainment SA, Sweden's Paradox Interactive AB and the U.K.'s Frontier Developments PLC.