{"id":101047,"date":"2019-09-30T14:13:00","date_gmt":"2019-09-30T14:13:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/351362"},"modified":"2019-09-30T14:13:00","modified_gmt":"2019-09-30T14:13:00","slug":"tencent-becomes-largest-shareholder-in-conan-exiles-dev-funcom","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/09\/30\/tencent-becomes-largest-shareholder-in-conan-exiles-dev-funcom\/","title":{"rendered":"Tencent becomes largest shareholder in Conan Exiles dev Funcom"},"content":{"rendered":"<p>Chinese tech and game company Tencent has <a href=\"https:\/\/news.cision.com\/funcom-se\/r\/tencent-to-become-largest-shareholder-in-funcom,c2920585\">picked up a 29 percent stake<\/a> in <em>Conan Exiles<\/em> developer-publisher Funcom.<\/p>\n<p>The deal will see Tencent become Funcom&#8217;s largest shareholder after acquiring all the shares currently belonging to KGJ Capital.&nbsp;<\/p>\n<p>Funcom recently experienced&nbsp;its most profitable year in history, and also <a href=\"https:\/\/www.gamasutra.com\/view\/news\/337524\/Funcom_enters_partnership_with_Legendary_to_create_Dune_games.php\">signed&nbsp;an exclusive partnership with Legendary Entertainment<\/a> to create a minimum of three <em>Dune&nbsp;<\/em>games for PC and consoles.<\/p>\n<p>&#8220;We are very pleased to see Tencent come in as&nbsp;the&nbsp;largest&nbsp;shareholder of Funcom,&#8221; commented Funcom&nbsp;CEO,&nbsp;Rui Casais. &#8220;Tencent has a reputation for being a&nbsp;responsible&nbsp;long-term investor, and&nbsp;for&nbsp;its renowned&nbsp;operational capabilities in&nbsp;online&nbsp;games.&nbsp;<\/p>\n<p>&#8220;The insight, experience, and knowledge that Tencent will bring&nbsp;is&nbsp;of&nbsp;great&nbsp;value to&nbsp;us&nbsp;and we look forward to working&nbsp;closely with them&nbsp;as we&nbsp;continue&nbsp;to develop great games and build a&nbsp;successful&nbsp;future for Funcom.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese tech and game company Tencent has picked up a 29 percent stake in Conan Exiles developer-publisher Funcom. The deal will see Tencent become Funcom&#8217;s largest shareholder after acquiring all the shares currently belonging to KGJ Capital.&nbsp; Funcom recently experienced&nbsp;its most profitable year in history, and also signed&nbsp;an exclusive partnership with Legendary Entertainment to create [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":101048,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-101047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/101047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=101047"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/101047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/101048"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=101047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=101047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=101047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}