Tencent Bids for Control of Funcom ‘Conan’ Games Developer

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China’s social media and gaming giant Tencent is bidding to buy control of Funcom, developer of the “Conan” and “Dune” games. The bid values the Norwegian company at $148 million. Tencent already o…

China’s social media and gaming giant Tencent is bidding to buy control of Funcom, developer of the “Conan” and “Dune” games. The bid values the Norwegian company at $148 million. Tencent already owns 29% of Funcom, and its bid has been unanimously approved by Funcom’s board of directors. No management changes are planned. The shares [...]As of Wednesday, popular esports organization 100 Thieves has an official home in Los Angeles.

“Fortnite” remained the biggest game of the year for 2019 in terms of revenue, raking in an impressive $1.8 billion — a decline of 25% off a record-setting $2.4 billion take a year earlier, according to research firm SuperData. Overall, digital games revenue reached $109.4 billion in 2019, up 3% year-over-year, Nielsen-owned SuperData reported. “Gaming [...

 

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