Funcom in trouble, open to investors or acquisition
Things are looking a bit grim for The Secret World developer Funcom. According to a new post on the studio’s website, LEGO Minifigures Online has not proven to be a financial savior that was hoped and Funcom is now looking for investors or even another company to take it over.
The statement reads as follows:
Following the completion and launch of the LEGO Minifigures Online game, and based on the situation described in the stock notice from Funcom issued on 23 July this year, Funcom N.V. (hereafter the “Company”) has retained ABG Sundal Collier to undertake a broad review of the strategic options available to the Company. The Company is actively seeking interested parties for discussions surrounding a possible investment, acquisition, merger, or any other available options.
Funcom will update the market about the outcome of the review and potential other developments in due course.