Tencent Makes Funcom Bid; Dune Scope May Expand

Chinese tech giant Tencent announces their intentions to take full ownership of Funcom, the Norwegian developer of Conan Exiles, Secret World Legends, Anarchy Online, and more. They are already part owner of Funcom, and are making an all-cash offer for the remainder, an offer that's been met with enthusiasm by Funcom's CEO and board. Word is that Tencent does not plan any changes to the studio's operations. In light of this news, Funcom announces plans to expand the scope of their upcoming Dune game. Here's the announcement:
Tencent has today announced a voluntary cash offer to acquire all shares in Norwegian game developer Funcom. Tencent, a leading Internet company with a strong online games operation, is a shareholder in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox and Frontier. The company already owns close to 29% of the shares in Funcom and news of the intended takeover is greeted with enthusiasm from Funcom CEO Rui Casais.

“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity,” says Funcom CEO Rui Casais. “We will continue to develop great games that people all over the world will play, and we believe that the support of Tencent will take Funcom to the next level. Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”

Funcom is a publicly traded company on the Oslo Stock Exchange and Tencent will seek to acquire shares directly from all the other shareholders. Tencent is offering all shareholders NOK 17.00 per share, which is 27.3% higher than the closing price of Funcom shares on January 21st, 2020. Shareholders are free to either accept or reject the offer during the offer period, which is expected to start early February. Funcom’s management board and supervisory board have unanimously decided to recommend shareholders to accept the offer.

Following the intended acquisition, there are no planned changes to Funcom management, staffing, or structure, with the company set to remain an independent business. Funcom will also continue to support its long-running online games Conan Exiles, Secret World Legends, Age of Conan, and Anarchy Online. Casais points out that Tencent has a reputation for being a responsible long-term investor, renowned for operational capabilities in online games. Having had Tencent as a majority shareholder since October 2019, has only reaffirmed that notion.

Steven Ma, Senior Vice President of Tencent, commented: “We are impressed by Funcom’s strengths as a developer of open-world multiplayer, action and survival games. Funcom has a strong track-record in developing new titles with long life span. We are glad to deepen our relationship with Funcom and look forward to collaborating with Funcom to deliver more exciting and enjoyable game experiences to fans worldwide.”

Funcom was founded in 1993, but the recent years have been the most successful and profitable in the company’s 27-year history, following the success of online survival game Conan Exiles. In addition to various projects, including the continued support of Conan Exiles, the Norwegian game developers are currently developing an open world multiplayer survival game based on Frank Herbert’s Dune.

In connection with Tencent’s voluntary offer, the Funcom management have decided to publicly announce several strategic and operational matters. Management intends to increase the ambition level of the upcoming Dune game pending board approval, with resources being allocated from other initiatives and possible additional financing. For more information, please visit https://investors.funcom.com/.
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44.
 
Re: Out of the Blue
Jan 24, 2020, 04:18
44.
Re: Out of the Blue Jan 24, 2020, 04:18
Jan 24, 2020, 04:18
 
jdreyer wrote on Jan 23, 2020, 18:39:
Blue wrote on Jan 23, 2020, 09:59:
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

How did Godwin's Law not cause this thread to immediately end?
You were expecting cordiality and restraint?
It is funny because it is true.
43.
 
Re: Out of the Blue
Jan 23, 2020, 18:39
43.
Re: Out of the Blue Jan 23, 2020, 18:39
Jan 23, 2020, 18:39
 
Blue wrote on Jan 23, 2020, 09:59:
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

How did Godwin's Law not cause this thread to immediately end?
You were expecting cordiality and restraint?
To prevent CV-19, avoid the Serious Seven: weddings, funerals, faith-based activities, bars, gyms, house gatherings and other small events.
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42.
 
Re: Saturday Safety Dance
Jan 23, 2020, 18:37
42.
Re: Saturday Safety Dance Jan 23, 2020, 18:37
Jan 23, 2020, 18:37
 
Choobeastia wrote on Jan 23, 2020, 12:49:
Beamer wrote on Jan 23, 2020, 09:38:
As annoying as the China censor-creep into Hollywood is, it's far less that the sinister Chinese government is forcing anything or funding anything, and far more that the Chinese box office for blockbusters is generally 50%-150% of the US box office.

If you're a cynical, publicly traded company producing cynical products designed to appeal to the widest audience possible, this means having to enter China. A $200MM movie will make its money back faster if it doesn't ignore 30% of the global market.

So they avoid anything the Chinese censors will dislike, and often add something the Chinese audience will. Not doing so means missing hundreds of millions of dollars. And it isn't as if we have many movies being made for art or creative purposes anymore. There isn't a whole lot left out there other than giant blockbusters carefully crafted to appeal to literally every single human being on the planet. It's why I find TV much more satisfying (also, it's why network television blows.)

What you just described it how they "force" and "fund" ideas. Their market has money to spend that outside companies want. Let's call that market square. The Chinese Government keeps their market square through censorship of media inside of China. They don't impose anything outside of China, but they do have a lot of money available inside of China.

The outside companies are from markets that are round and can accept many shapes of media. Luckily for the companies, that round market can ALSO fit square media. Square media sells well in China, and there is lots of money to earn in China. So they produce square media.

As a result, the Chinese censorship expands beyond the borders of China, not through force, but through coercive money, and our round markets start seeing a big uptick in square media, and square ideas, and a downswing in media and ideas that won't fit the square market.
So... kind of like EGS?
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41.
 
Re: Saturday Safety Dance
Jan 23, 2020, 12:58
Beamer
 
41.
Re: Saturday Safety Dance Jan 23, 2020, 12:58
Jan 23, 2020, 12:58
 Beamer
 
Choobeastia wrote on Jan 23, 2020, 12:49:
Beamer wrote on Jan 23, 2020, 09:38:
As annoying as the China censor-creep into Hollywood is, it's far less that the sinister Chinese government is forcing anything or funding anything, and far more that the Chinese box office for blockbusters is generally 50%-150% of the US box office.

If you're a cynical, publicly traded company producing cynical products designed to appeal to the widest audience possible, this means having to enter China. A $200MM movie will make its money back faster if it doesn't ignore 30% of the global market.

So they avoid anything the Chinese censors will dislike, and often add something the Chinese audience will. Not doing so means missing hundreds of millions of dollars. And it isn't as if we have many movies being made for art or creative purposes anymore. There isn't a whole lot left out there other than giant blockbusters carefully crafted to appeal to literally every single human being on the planet. It's why I find TV much more satisfying (also, it's why network television blows.)

What you just described it how they "force" and "fund" ideas. Their market has money to spend that outside companies want. Let's call that market square. The Chinese Government keeps their market square through censorship of media inside of China. They don't impose anything outside of China, but they do have a lot of money available inside of China.

The outside companies are from markets that are round and can accept many shapes of media. Luckily for the companies, that round market can ALSO fit square media. Square media sells well in China, and there is lots of money to earn in China. So they produce square media.

As a result, the Chinese censorship expands beyond the borders of China, not through force, but through coercive money, and our round markets start seeing a big uptick in square media, and square ideas, and a downswing in media and ideas that won't fit the square market.

Yes, but it isn't direct. Someone here said they fund the films. That would mean they're literally providing the upfront funding and are involved in planning. And yes, they do have companies that invest in film. But that's not the bulk of what's happening. What's happening isn't China demanding these changes, it's people choosing to make these changes to appeal to China.

It's no different than Fox deciding that Die Hard would sell more tickets by being PG-13 than R. No one forced Fox to do it, Fox just decided to do it themselves.

Yes, it leads to really bad movies, but to say it's actively China mandating this is wrong. Hollywood can, and occasionally does, ignore what China wants. They then don't count on that revenue. We should point the fingers at people unwilling to make movies without considering China.

It isn't as if foreign producers don't frequently reduce the sexual content of their films in order to sell more tickets in the US.
40.
 
Re: Saturday Safety Dance
Jan 23, 2020, 12:49
40.
Re: Saturday Safety Dance Jan 23, 2020, 12:49
Jan 23, 2020, 12:49
 
Beamer wrote on Jan 23, 2020, 09:38:
As annoying as the China censor-creep into Hollywood is, it's far less that the sinister Chinese government is forcing anything or funding anything, and far more that the Chinese box office for blockbusters is generally 50%-150% of the US box office.

If you're a cynical, publicly traded company producing cynical products designed to appeal to the widest audience possible, this means having to enter China. A $200MM movie will make its money back faster if it doesn't ignore 30% of the global market.

So they avoid anything the Chinese censors will dislike, and often add something the Chinese audience will. Not doing so means missing hundreds of millions of dollars. And it isn't as if we have many movies being made for art or creative purposes anymore. There isn't a whole lot left out there other than giant blockbusters carefully crafted to appeal to literally every single human being on the planet. It's why I find TV much more satisfying (also, it's why network television blows.)

What you just described it how they "force" and "fund" ideas. Their market has money to spend that outside companies want. Let's call that market square. The Chinese Government keeps their market square through censorship of media inside of China. They don't impose anything outside of China, but they do have a lot of money available inside of China.

The outside companies are from markets that are round and can accept many shapes of media. Luckily for the companies, that round market can ALSO fit square media. Square media sells well in China, and there is lots of money to earn in China. So they produce square media.

As a result, the Chinese censorship expands beyond the borders of China, not through force, but through coercive money, and our round markets start seeing a big uptick in square media, and square ideas, and a downswing in media and ideas that won't fit the square market.
39.
 
Re: Out of the Blue
Jan 23, 2020, 10:19
Beamer
 
39.
Re: Out of the Blue Jan 23, 2020, 10:19
Jan 23, 2020, 10:19
 Beamer
 
An edit on my post - the reason why Hollywood sucks isn't Communism (of which China only kind of is), but Capitalism.
38.
 
Re: Out of the Blue
Jan 23, 2020, 09:59
38.
Re: Out of the Blue Jan 23, 2020, 09:59
Jan 23, 2020, 09:59
 
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

How did Godwin's Law not cause this thread to immediately end?
Stephen "Blue" Heaslip
Blue's News Publisher, Editor-in-Chief, El Presidente for Life
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37.
 
Re: Saturday Safety Dance
Jan 23, 2020, 09:38
Beamer
 
37.
Re: Saturday Safety Dance Jan 23, 2020, 09:38
Jan 23, 2020, 09:38
 Beamer
 
As annoying as the China censor-creep into Hollywood is, it's far less that the sinister Chinese government is forcing anything or funding anything, and far more that the Chinese box office for blockbusters is generally 50%-150% of the US box office.

If you're a cynical, publicly traded company producing cynical products designed to appeal to the widest audience possible, this means having to enter China. A $200MM movie will make its money back faster if it doesn't ignore 30% of the global market.

So they avoid anything the Chinese censors will dislike, and often add something the Chinese audience will. Not doing so means missing hundreds of millions of dollars. And it isn't as if we have many movies being made for art or creative purposes anymore. There isn't a whole lot left out there other than giant blockbusters carefully crafted to appeal to literally every single human being on the planet. It's why I find TV much more satisfying (also, it's why network television blows.)
36.
 
Re: Saturday Safety Dance
Jan 23, 2020, 08:43
36.
Re: Saturday Safety Dance Jan 23, 2020, 08:43
Jan 23, 2020, 08:43
 
jdreyer wrote on Jan 23, 2020, 00:45:
Kosumo wrote on Jan 22, 2020, 21:53:
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

hahahhahah hahah hahahahahh hahahahah

Classic stuff, keep it up.

Between the Great Leap Forward, and the Cultural Revolution, the Chinese government is responsible for more deaths than the Nazis.

Don't say this, it offends the communists er democratic socialists here who know that in reality it offers peace, love, roses, and a new order as soon as everyone just FALLS IN LINE.
35.
 
Re: Out of the Blue
Jan 23, 2020, 08:29
35.
Re: Out of the Blue Jan 23, 2020, 08:29
Jan 23, 2020, 08:29
 
Nimh wrote on Jan 23, 2020, 06:42:
RedEye9 wrote on Jan 22, 2020, 18:10:
That was 4 years ago, 4 years from now you’ll be taking continuing education classes to buff up on your Mandarin, if you’re smart.

Authoritarian regimes always find their lick-spittles.
I've never heard Capitalism and Wall Street called that before but ya learn something new everyday.
A mask is not a political statement.
It's an IQ test.
It's a compassion test.
It's a decency test.
It's a social responsibility test.
Avatar 58135
34.
 
Re: Out of the Blue
Jan 23, 2020, 06:42
Nimh
 
34.
Re: Out of the Blue Jan 23, 2020, 06:42
Jan 23, 2020, 06:42
 Nimh
 
RedEye9 wrote on Jan 22, 2020, 18:10:
That was 4 years ago, 4 years from now you’ll be taking continuing education classes to buff up on your Mandarin, if you’re smart.

Authoritarian regimes always find their lick-spittles.
Avatar 8716
33.
 
Re: Tencent Makes Funcom Bid; Dune Scope May Expand
Jan 23, 2020, 06:36
33.
Re: Tencent Makes Funcom Bid; Dune Scope May Expand Jan 23, 2020, 06:36
Jan 23, 2020, 06:36
 
Acleacius wrote on Jan 22, 2020, 14:18:
Would they make Funcom bug fix and finish their games?

Giant purveyor of P2W crappy games, scarfs of small time purveyor of crappy P2W games, nothing to see here unless the removal of skeletons and replacing them with bizarre opium dream monsters from eastern myths really gets your goat.

Meet the new boss...
"Meet the new Boss, same as the old Boss." - The Who.
Avatar 57379
32.
 
Re: Out of the Blue
Jan 23, 2020, 00:45
32.
Re: Out of the Blue Jan 23, 2020, 00:45
Jan 23, 2020, 00:45
 
Kosumo wrote on Jan 22, 2020, 21:53:
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

hahahhahah hahah hahahahahh hahahahah

Classic stuff, keep it up.

Between the Great Leap Forward, and the Cultural Revolution, the Chinese government is responsible for more deaths than the Nazis.
To prevent CV-19, avoid the Serious Seven: weddings, funerals, faith-based activities, bars, gyms, house gatherings and other small events.
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31.
 
Re: Out of the Blue
Jan 23, 2020, 00:43
Darks
 
31.
Re: Out of the Blue Jan 23, 2020, 00:43
Jan 23, 2020, 00:43
 Darks
 
Primalchrome wrote on Jan 22, 2020, 22:41:
Darks wrote on Jan 22, 2020, 18:15:
they have been pushing their way into Hollywood for a very long time now. (snip)But there you have it, the fucking Chinese trying to dictate to us and control how a movie should be made.
That's really not an example of CCP control...that's hollywood making the changes in order to avoid alienating a massive developing market of potential revenue.... Tencent...Tiktok...and any other Chinese company dealing with information transfer is the danger. Every company doing business in china requires domestic ownership....and has the CCP over it's shoulder.

Apparently you haven't been paying attention to the funding of many of those movies. Its all Chinese backed. So, yea it is CCP trying to control it.
Creator of the Neverwnter Nights Eye of the Beholder Series of Mods.

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30.
 
Re: Out of the Blue
Jan 23, 2020, 00:40
30.
Re: Out of the Blue Jan 23, 2020, 00:40
Jan 23, 2020, 00:40
 
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

I guess I compare it to Huawei, where the gov't says "put this chip in your phones and routers so we can intercept any data." Those opportunities don't really exist for Tencent to the same degree.
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29.
 
Re: Out of the Blue
Jan 22, 2020, 22:41
29.
Re: Out of the Blue Jan 22, 2020, 22:41
Jan 22, 2020, 22:41
 
Darks wrote on Jan 22, 2020, 18:15:
they have been pushing their way into Hollywood for a very long time now. (snip)But there you have it, the fucking Chinese trying to dictate to us and control how a movie should be made.
That's really not an example of CCP control...that's hollywood making the changes in order to avoid alienating a massive developing market of potential revenue.... Tencent...Tiktok...and any other Chinese company dealing with information transfer is the danger. Every company doing business in china requires domestic ownership....and has the CCP over it's shoulder.
Avatar 56308
28.
 
Re: Out of the Blue
Jan 22, 2020, 21:53
28.
Re: Out of the Blue Jan 22, 2020, 21:53
Jan 22, 2020, 21:53
 
Krodge wrote on Jan 22, 2020, 21:48:
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.

hahahhahah hahah hahahahahh hahahahah

Classic stuff, keep it up.
27.
 
Re: Out of the Blue
Jan 22, 2020, 21:48
27.
Re: Out of the Blue Jan 22, 2020, 21:48
Jan 22, 2020, 21:48
 
jdreyer wrote on Jan 22, 2020, 16:21:
While every Chinese company has to do what the government tells them, I haven't gotten the sense that Tencent is particularly beholden to or controlled by the CCP.

Aren't many of its founders, Its current upper management, And its current CEO literally registered members of the Chinese Communist Party?
I'd say being run by communist party members qualifies as being controlled buy the communist party.

And now I wonder if its ethical to still buy games from them.
The CCP is as bad if not worse than the Nazi party, And I know I wouldn't buy games from companies owned by registered Nazi party members even if they were just doing it for the financial connections.
26.
 
Re: Out of the Blue
Jan 22, 2020, 19:44
26.
Re: Out of the Blue Jan 22, 2020, 19:44
Jan 22, 2020, 19:44
 
Darks wrote on Jan 22, 2020, 18:15:
jdreyer wrote on Jan 22, 2020, 14:46:
Blue wrote on Jan 22, 2020, 14:28:
PHJF wrote on Jan 22, 2020, 12:57:
So we watched Godzilla Saturday (my gf’s idea), and while the whole movie was tremendously fucking awful, the thing that stuck out most was the shoehorning in of a totally random Chinese character. My first instinct was wow this must be a Chinese-backed movie... and sure enough it is.

Yes, shoehorning a character from a giant media market into a Godzilla movie just to appeal to a wider audience is an unprecedented catastrophe.

LOL.

Skull Island had a Chinese character, as did The Meg, and both of them were fun romps. When a movie is bad, it makes like actor and product placement stick out. Still hard to blame them for wanting to appeal to a market of 1.4B people. Also, hooray for more Asians in Hollywood films. We've come a long way since Long Duk Dong.


Sorry Blues, but this a bullshit strategy by the Chinese, they have been pushing their way into Hollywood for a very long time now. Just look back at the Red Dawn movie, that was originally the Chinese who invade, but oh no, we dont want to offend the fucking Chinese so they changed it to the Koreans who could never in a 100 year develop tech like that to invade us.

But there you have it, the fucking Chinese trying to dictate to us and control how a movie should be made.

So yea, you can take those blinders off now!
I'll agree that it's inorganic and forced. I just don't see it stopping. As for Red Dawn, that's on the producers not having the balls. Crysis did the same thing 13 years ago.
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25.
 
Re: Out of the Blue
Jan 22, 2020, 19:16
25.
Re: Out of the Blue Jan 22, 2020, 19:16
Jan 22, 2020, 19:16
 
Burrito of Peace wrote on Jan 22, 2020, 19:09:
Teddy wrote on Jan 22, 2020, 18:54:
Darks wrote on Jan 22, 2020, 18:15:
Sorry ...

Err... wasn't Red Dawn the Russians?

In the original, yes. In the remake it was the North Koreans which was hysterical.
WHAT
There was a remake? https://www.imdb.com/title/tt0087985/

Looks online and sure enough they wanted that Chinese Box Office moola https://en.wikipedia.org/wiki/Red_Dawn_(2012_film)

Well fuck-me boots. That’s 1h 33min I’ll never waste


A mask is not a political statement.
It's an IQ test.
It's a compassion test.
It's a decency test.
It's a social responsibility test.
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