Tech2 News StaffJanuary 24, 2020 20:06:29 IST
Tencent has acquired Funcom Games, a Norwegian game developer. After buying a 29 percent stake in the company in October 2019, the Chinese giant bought all the shares of the gaming company. Funcom joins the list of other gaming companies where Tencent owns stakes, including Epic, Frontier, Riot Games, Paradox, Supercell and Ubisoft.
Funcom’s last game was Conan Exiles in 2018 that was an open world survival game similar to Ark: Survival Evolved. The players had to collect resources, build houses, find food and survive against other human players and the game environment.
Currently, the developer is working on a new multiplayer survival game based on Frank Herbert’s Dune. After the news about the acquisition, the company sent a Press release stating that the “scope and level of ambition” of the Dune the project must be larger than Conan Exiles.
Tencent has spent $ 148 million to buy all Funcom shares, according to a IANS report. Previously, he had bought a 29 percent stake in the KGJ Capital gaming company that made him the largest shareholder. According to Polygon, in 2013, invested $ 330 million in Fortnite developer Epic Games, which occupies about 40 percent of the company. Is buying spree League of Legends Developer Riot Games. Later, he went on to buy stakes in other game companies such as Ubisoft, Activision Blizzard, Paradox Interactive, PlatinumGames and more.
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