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
https://www.polygon.com/2019/2/27/18243384/dune-funcom-video-game-legendary-entertainment-movie-2020
PC Gamer: Funcom is making an 'open world multiplayer' Dune game
https://www.pcgamer.com/funcom-is-making-an-open-world-multiplayer-dune-game/
Techcrunch: Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom.
https://techcrunch.com/2019/09/30/tencent-to-take-29-stake-in-multiplayer-games-maker-funcom/
Q2 2019 presentation:
http://cdn.funcom.com/investor/2019/Funcom_2Q19_Presentation_6wybV2.pdf
Q2 2019 report:
http://cdn.funcom.com/investor/2019/Funcom_2Q19_Report_M2w9cS.pdf
FUNCOM N.V. ENTERS INTO EXCLUSIVE PARTNERSHIP WITH LEGENDARY ENTERTAINMENT FOR GAMES IN THE DUNE UNIVERSE
https://investors.funcom.com/funcom-n-v-enters-into-exclusive-partnership-with-legendary-studios-for-games-in-the-dune-universe/
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
https://www.polygon.com/2019/2/27/18243384/dune-funcom-video-game-legendary-entertainment-movie-2020
PC Gamer: Funcom is making an 'open world multiplayer' Dune game
https://www.pcgamer.com/funcom-is-making-an-open-world-multiplayer-dune-game/
Techcrunch: Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom.
https://techcrunch.com/2019/09/30/tencent-to-take-29-stake-in-multiplayer-games-maker-funcom/
Q2 2019 presentation:
http://cdn.funcom.com/investor/2019/Funcom_2Q19_Presentation_6wybV2.pdf
Q2 2019 report:
http://cdn.funcom.com/investor/2019/Funcom_2Q19_Report_M2w9cS.pdf
FUNCOM N.V. ENTERS INTO EXCLUSIVE PARTNERSHIP WITH LEGENDARY ENTERTAINMENT FOR GAMES IN THE DUNE UNIVERSE
https://investors.funcom.com/funcom-n-v-enters-into-exclusive-partnership-with-legendary-studios-for-games-in-the-dune-universe/