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.
