Tencent to acquire 29% in Funcom at a $134m valuation.

Tencent, a leading Internet company with a strong online games operation, agreed to acquire a 29% stake in Funcom, a Norwegian video game developer specializing in online games, at a $134m valuation. “We are very pleased to see Tencent come in as the largest shareholder of Funcom. Tencent has a reputation for being a responsible long-term investor, and for its renowned operational capabilities in online games.The insight, experience, and knowledge that Tencent will bring is of great value to us and we look forward to working closely with them as we continue to develop great games and build a successful future for Funcom.” Funcom CEO Rui Casais.