Tencent takes 29% stake in computer games maker Funcom

Tencent takes 29% stake in computer games maker Funcom

Tencent Holding Ltd

China’s Tencent Holding Ltd has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom, becoming the biggest shareholder, Funcom said on Monday.

Tencent, itself a major distributor of online games, bought the shares from KGJ Capital AS at a 21.8% premium over Friday’s closing price, valuing Funcom at 1.22 billion Norwegian crowns ($134.33 million).

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