Pikachu Posted January 22, 2020 Share Posted January 22, 2020 http://pr.funcom.com/pressreleases/tencent-seeks-to-acquire-full-ownership-of-funcom-2963077 Quote Tencent has today announced a voluntary cash offer to acquire all shares in Norwegian game developer Funcom. Tencent, a leading Internet company with a strong online games operation, is a shareholder in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier. The company already owns close to 29% of the shares in Funcom and news of the intended takeover is greeted with enthusiasm from Funcom CEO Rui Casais. “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.” Funcom is a publicly traded company on the Oslo Stock Exchange and Tencent will seek to acquire shares directly from all the other shareholders. Tencent is offering all shareholders NOK 17.00 per share, which is 27.3% higher than the closing price of Funcom shares on January 21st, 2020. Shareholders are free to either accept or reject the offer during the offer period, which is expected to start early February. Funcom’s management board and supervisory board have unanimously decided to recommend shareholders to accept the offer. Quote Link to comment Share on other sites More sharing options...
XxEvil AshxX Posted January 22, 2020 Share Posted January 22, 2020 Quote “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. CEO is excited for the opportunity to sell out and gain a ton of cash. Shocker. Why don't they ask the employees what they think? 1 Quote Link to comment Share on other sites More sharing options...
Rodimus Posted January 24, 2020 Share Posted January 24, 2020 Exactly of course the CEO is thrilled they are getting a payday form this. Quote Link to comment Share on other sites More sharing options...
Dodger Posted January 24, 2020 Share Posted January 24, 2020 On 1/22/2020 at 10:41 AM, XxEvil AshxX said: CEO is excited for the opportunity to sell out and gain a ton of cash. Shocker. Why don't they ask the employees what they think? CEO is too busy picking out the color of his new Ferrari. Quote Link to comment Share on other sites More sharing options...
finaljedi Posted January 26, 2020 Share Posted January 26, 2020 I feel like Funcom kept going all in on MMOs that didn’t do so well. Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted January 26, 2020 Share Posted January 26, 2020 Doesn't much look like a CEO, so I guess he needs the money! Quote Link to comment Share on other sites More sharing options...
Brian Posted January 26, 2020 Share Posted January 26, 2020 By 2025, Tencent will own all of gaming Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted January 26, 2020 Share Posted January 26, 2020 On 1/22/2020 at 12:41 PM, XxEvil AshxX said: Why don't they ask the employees what they think? Ehhhhh - if I was a Funcom employee, I'm actually not entirely displeased at being acquired by Tencent compared to being perpetually on the financial edge as they probably have been for sometime due to the underwhelming reception to their games. Quote Link to comment Share on other sites More sharing options...
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