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Tencent intends to acquire Conan Exiles’ Funcom

Chinese megacorporation Tencent today announced its intention to purchase Norwegian developer Funcom, the studio behind Conan Exiles.

Tencent has offered a volutary cash purchase of all Funcom shares, intending to up its stake in the company from the 29% ownership it currently asserts. Tencent is also a shareholder of companies including Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier.

“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity,” Funcom CEO, Rui Casais, said of Tencent’s offer. “We will continue to develop great games that people all over the world will play, and we believe that the support of Tencent will take Funcom to the next level. Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”

If the acquisition goes through, Tencent confirmed “there are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business.”

Funcom advised that it will continue to support its stable of games, including Conan Exiles, Secret World Legends, Age of Conan and Anarchy Online.


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Steve Wright

Steve's the owner and Editor-in-Chief of Stevivor.com, the country’s leading independent video games outlet. Steve arrived in Australia back in 2001 on what was meant to be a three-month working holiday before deciding to emigrate and, eventually, becoming a citizen.

Stevivor is a combination of ‘Steve’ and ‘Survivor’, which made more sense back in 2001 when Jeff Probst was up in Queensland. The site started as Steve’s travel blog before transitioning over into video games.

Aside from video games, Steve has interests in hockey and Star Trek, playing the former and helping to cover video games about the latter on TrekMovie.com. By day, Steve works as the communications manager of the peak body representing Victorians as they age.