
Tencent wants to buy Funcom. Thank you everyone, good night.
Okay there is more information. Funcom this week publicly revealed that Tencent, currently shareholder of 29% of the developer, intends to buy the other 71% from other shareholders. Funcom is claiming that there are no plans to change management, staffing, or structure following the acquisition, nor will Funcom deviate from supporting its current library of titles.
“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity,” says Funcom CEO Rui Casais. “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.”
Thankfully players can look forward to nothing changing, since businesses are well known to keep their promise of not making gigantic cuts following acquisitions.
Source: Funcom