Tencent has today announced a cash offer of all the outstanding share capital of Funcom at a price per share of NOK 17. The offer is recommended by the supervisory and management board of Funcom. TIN Fonder will evaluate the proposed offer but we have not yet come to any conclusion.
Funcom describe themselves as Survivors and Fighters on their website and has a 26 year history of making games. We will evaluate the price of the offer in addition to putting a value on our assessment of Funcom to create future shareholder value as an independent game developer taking into consideration the revised management plan of focusing on Open World Survival games.