The Chinese will buy the Norwegian company Funcom. Funcom Productions A / S. It is a Norwegian company that produces and publishes computer games known all over the world and loved by lovers of this type of entertainment. Headquartered in Oslo, Norway, the company also has offices in the United States, China, Switzerland and Canada. It is already a brand with tradition. It has existed since 1993 and was founded by Gaute Godager. The company's scope of activities is primarily PC games, but the rich assortment, extended over the years, also includes games for consoles such as Super NES, Sega Saturn, Sega Genesix and Xbox. Let us note that this is the first Norwegian game producer to be listed on the Stock Exchange. Now, after many years, changes are coming. Kinesiske Tencent Holdings will buy the company. It offered a really nice price. What do we know more?
The Chinese will buy the Norwegian company Funcom - auctions ... the numbers are impressive ...
The Chinese internet giant wants to bid $ 17 a share, which is valuing the entire Funcom at $ 1,33 billion. This is an estimated price approximately 27% higher than the starting price. Last September, Tencent Holdings bought 29% of Funcom from KGJ Capital AS.
“We believe that it is a good offer and we are pleased that the shareholders will have the opportunity to make a decision on this matter. The asking price of NOK 17 is 27,3% higher than the previous asking price. Last year, the share capital was valued at NOK 1,33 billion, says Stian Drageset, CFO, Funcom.
What about the employees? Will the company's staff change?
According to a press release released this Wednesday, Tencent has no plans to make changes to Funcom's staffing or management. In addition, the company will remain an independent company. Further investments are simply a natural path of development. The Chinese tycoon saw a good moment. According to investors, the changes are to be beneficial and good for everyone.
In a word of summary
For the results of the tender. We have to wait a while for the official announcement. We will find out everything on February 28, 2020.
Source of information: https://www.nettavisen.no/
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