Tencent intends to acquire Conan Exiles’ Funcom

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"There are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business."

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.