China's Tencent bids $148m for online games maker Funcom

China's Tencent bids $148m for online games maker Funcom

Tencent Holding Ltd

China’s Tencent Holdings launched a 1.33 billion Norwegian crown ($148 million) bid for computer games maker Funcom on Wednesday, sending the Oslo-listed firm’s shares sharply higher.

The board and management of Funcom unanimously supported the all-cash bid of 17 crowns per share, a 27% premTencent ium to Tuesday’s closing price of 13.35 crowns, the companies said in a joint statement.

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