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Tencent in $148 million bid for online games maker Funcom


FILE PHOTO: People visit Tencent’s booth at the World 5G Exhibition in Beijing, China November 22, 2019. REUTERS/Jason Lee

OSLO (Reuters) – China’s Tencent Holdings has launched a bid for Norwegian computer games-maker Funcom, valuing the Oslo-listed firm at 1.33 billion Norwegian crowns ($148 million), the two companies said in a joint statement.

The board and management of Funcom unanimously supported the all-cash bid of 17 crowns per share, a 27% premium to Tuesday’s closing price of 13.35 crowns.

Reporting by Terje Solsvik, editing by Gwladys Fouche


via Reuters