Funcom announced that this past spring, Tencent made a voluntary offer to gobble up all of the shares in the Oslo studio. 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. It went on to say that Tencent will be purchasing the remaining shares and delisting Funcom on the Oslo stock exchange.
This move was a long time coming, as Tencent had been snapping up Funcom shares for a while now. Back in January, Funcom said of the buyout, “Following the intended acquisition, there are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business.”