Tencent offers to accumulate Funcom Games for $148mn: Report

Tencent offers to accumulate Funcom Games for $148mn: Report

Tencent Games, the world's biggest gaming business enterprise with hits like PUBG: Mobile and Arena of Valor, has introduced a $148 million offer to gather all shares of Norwegian recreation developer Funcom.

Back in October 2019, Tencent acquired a 29 per cent stake in Funcom from KGJ Capital to turn out to be the company's greatest shareholder.

Tencent already owns massive stakes in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox, and Frontier.

"We are impressed by using Funcom's strengths as a developer of open-world multiplayer, motion and survival games. Funcom has a sturdy track-record in growing new titles with lengthy existence span. We are glad to deepen our relationship with Funcom and seem forward to collaborating with Funcom to deliver greater thrilling and enjoyable recreation experiences to fans worldwide," Polygon quoted Steven Ma, senior vice president of Tencent.

Reports also claims that Funcom is pretty completely happy about the provide and have entreated shareholders to sell their stakes.

Tencent recently announced its new partnership with gaming smartphone producer Black Shark.

The new deal with Black Shark will focus on cooperation in the subject of gaming telephones with the quit purpose of giving customers an extended mobile gaming experience.

Earlier smartphone makers like Asus partnered with Tencent Games to bring their ROG Phone II and also the Tencent custom-made Elite version in China.

Xiaomi's sub-brand Black Shark launched Black Shark 2 Pro smartphone in July remaining 12 months and the upcoming Black Shark three is predicted to be launched in the subsequent few months.