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What happened to Funcom?

What happened to Funcom?

Tencent Holdings acquired a 29% minority stake in Funcom in September 2019, making it the largest shareholder in the company. Tencent announced in January 2020 its intent to fully acquire Funcom through purchasing all outstanding shares of the company in February 2020 valued at US$148 million.

Where is Funcom located?

Oslo, Norway
Funcom Oslo AS is a video game developer and publisher and subsidiary of Tencent. It is home to most of the Conan Exiles team. Located in Oslo, Norway, Funcom currently has 185 employees from 25 different nationalities.

Does Tencent own Funcom?

Long story short, Tencent now completely owns Funcom. “Following the completion of the voluntary offer, Tencent became the owner of 77,365,864 shares in the company, representing approximately 95.11% of the shares and votes in the company,” Funcom posted to its shareholders.

Who owns Conan exiles?

The Age of Conan and Conan Exiles developer – now owned by Tencent – bought Cabinet Group, which held dozens of intellectual properties, including Conan the Barbarian, Mutant Year Zero and Solomon Kane. It plans to merge these intellectual properties into the IP studio Heroic Signatures.

Who is the developer of Funcom online games?

Funcom Oslo AS (OSE: FUNCOM, formerly Funcom Productions AS) is a Norwegian video game developer specializing in online games.

How many employees does Funcom have in the world?

On September 29, 2009, Funcom announced a reduction of 20% of its staff, resulting in a “significant delay” for the release of The Secret World. All the perceived actions were reflected in the 2010 Annual Financial Report. The current number of employees is 282 (a 19% reduction to 2009).

What kind of games does Funcom Oslo make?

Funcom Oslo AS (OSE: FUNCOM, formerly Funcom Productions AS) is a Norwegian video game developer specializing in online games. It is best known for the massively multiplayer online role-playing game (MMORPG) titles Age of Conan, Anarchy Online, and The Secret World – and The Longest Journey series of adventure games.

What are some of Funcom’s most popular games?

It is best known for the massively multiplayer online role-playing game (MMORPG) titles Age of Conan, Anarchy Online, and The Secret World – and The Longest Journey series of adventure games. The company has offices in Oslo, Norway and North Carolina, US.

https://www.youtube.com/user/Funcom

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