Tencent now completely owns Funcom, purveyor of Conan Exiles and Secret World Legends

    
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Tencent now completely owns Funcom, purveyor of Conan Exiles and Secret World Legends

Dune, Conan Exiles, Secret World Legends, Age of Conan… all of these properties and more are now directly under the thumb of China’s Tencent.

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.”

Source: Funcom

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Frank White

So… does that mean no more nudity in the future? ;)

April-Rain
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April-Rain

its a tough call this one, but it can only get better I hope

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James Crow

in the past i would say great for “no planned changes to Funcom management”

but as funcom player for more then a decade i want to see someone from tencent saying goodbye to those devs and doing some reworks so our beloved games.

played AO and AoC until they put the games on life support.

played TSW from the first day until the announcement of SWL and i tried it but it was a bad product.

played the lego minifigures and even with the problems the game had i really enjoy playing until they cancelled the game.

waited for new The Longest Journey Home but then they axe the project but glad they gave Ragnar Tørnquist to make Dreamfall chapters and show us what could happen when they giving good product to other creators.

so i really dont want anything from them just let our beloved games rest in peace or give them to another studio.

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Yaner

“Following the intended acquisition, there are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business.”

Yeahhhh, you don’t just buyout a company and then not touch it. You’re not fooling anyone.

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Bruno Brito

Hey, i’m here hoping that they touch everything Funcom-related.

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Yaner

Oh yeah. I’m 100% agreeing that Funcom isn’t a very good studio. I’m just more so pointing out how Tencent has went all buyout this past month on a few studios, and are giving the typical PR speak that they aren’t going to influence the developers. I’m sure all of these studios will be seeing some big changes.

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Bruno Brito

I really want to shittalk Tencent. Nothing more fun than to call corporate bs when it happens, but, and i’ve said this on this thread several times already:

Of all the empires that can buy studios, Tencent is one of the best. They’re extremely hands-off with successful ventures, and they don’t nickle-and-dime their produce so much because they actually understand the concept of long term profit. You can’t keep being a empire thinking only short term.

I get the whole China stuff but that’s honestly moot. All companies are laying down with China nowadays, and between Tencent injecting money and talent and Activision looting their studios, i’m way more favorable to Tencent.

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Jeffery Witman

Couldn’t possibly get any worse than Funcom already was.

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Koshelkin

The creative potential Funcom once had and the money Tencent has it’s disposal would have been good news for a younger me, not so sure now. The thing Funcom always should have done is releasing single-player RPG’s instead for hoping to make it big with a MMO.

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bobfish

Could be worse, if an American company like EA had done this, then Funcom would’ve been stripped and closed down.

At least Tencent lets them keep doing what they’re doing (for better or worse).

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mysecretid

And that’s it for me and Funcom.

It’s not simply my objections to Chinese politics these days, but also the fact that Funcom officially isn’t Funcom any more, and can never be again.

Time to clear some space on my hard drive, and stop waiting for the company to rally back.

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Bruno Brito

Funcom wasn’t Funcom ever since SWL, and AO players would say even before that.

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Morgan

I honestly just see this is as remarkable; the turtle crossing the finish line coming first place so to speak.

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luxundae

I expect Tencent to start going through bankruptcy shortly!

The curse of The Secret World…