Tencent to become largest shareholder in Funcom
Tencent will acquire 29% of the shares in the independent game developer and publisher Funcom Tencent, a leading Internet company with a strong online games operation, entered into a share purchase agreement to acquire 29% of the shares in Funcom, the independent developer and publisher of games such as Conan Exiles, The Secret World, and Mutant Year Zero: Road to Eden. The acquisition makes Tencent the largest shareholder in Funcom. Tencent has agreed to acquire all shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.