Tencent buys 29% stake in Dune and Conan gaming company Funcom The initial rally in OSL:FUNCOM share after news broke that Tencent bought the largest position in the Oslo based gaming company was called off after primary insider Fredrik Malmberg sold a large amount of shares the same day.
This is giving the market a chance of buying Funcom stock with a healthy discount compared to the share price payed by Tencent.
Funcom have completed a full turnaround of the of the company since the release of survival game Conan Exiles, and is now debt free.
This makes the company a very interesting investment opportunity and well positioned on creating great new games based on the Dune franchise.
Dune video games coming alongside 2020 movie, says Funcom
www.polygon.com
PC Gamer: Funcom is making an 'open world multiplayer' Dune game
www.pcgamer.com
Techcrunch: Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom.
techcrunch.com
Q2 2019 presentation:
cdn.funcom.com
Q2 2019 report:
cdn.funcom.com
FUNCOM N.V. ENTERS INTO EXCLUSIVE PARTNERSHIP WITH LEGENDARY ENTERTAINMENT FOR GAMES IN THE DUNE UNIVERSE
investors.funcom.com
