Tencent invests in Oslo-based Funcom.

Norway Secondary 30 September 2019
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Funcom, an Oslo, Norway-based game developer and publisher, announced getting into an investment agreement with Chinese holding group Tencent.

The Chinese will acquire 29% of the shares in Funcom belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom. The acquisition makes Tencent the largest shareholder in Funcom, which has been listed on Oslo Stock exchange since 2005.

Funcom, founded in 1993 and led by CEO Rui Casais, is a developer and publisher of games such as Conan Exiles, The Secret World, and Mutant Year Zero: Road to Eden, and launched major multiplayer titles including Anarchy Online, Age of Conan, The Secret World, and most recently Conan Exiles. The company has acquired the exclusive rights to develop and publish PC and console games based on the DUNE IP for the next six years.

Funcom is already working on an open world sandbox game set in the DUNE universe and is working closely with Legendary Entertainment who will be releasing a new DUNE feature film in December 2020 directed by Denis Villeneuve.