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Tencent Looking to "acquire full ownership" of Funcom

Tencent Looking to "acquire full ownership" of Funcom

Tencent already owns almost 29% of the shares in Funcom.

Funcom "back in full production the day after" police seized "a handful" of PCs

Funcom "back in full production the day after" police seized "a handful" of PCs

Recently Funcom has been in a spot of trouble with Norwegian authorities as they were suddenly under investigation for 'financial impropriety' and even got removed from the Oslo Stock Exchange.

CEO Ole Schreiner has now spoken out on the matter and said "though it was quite a dramatic event," it was soon over. The police only seized "a handful" of PCs.

Funcom revenue falls but large-scale MMOs remain "cash flow positive"

Funcom revenue falls but large-scale MMOs remain "cash flow positive"

The latest investor call from Funcom reveals revenue for Q4 2013 is down from last year's $7.78 million in the same period, to $4.27 million this year. Deferred billings, weaker sales and competition are cited.

However their big MMO projects are "relatively stable" with Age of Conan and Anarchy Online their primary revenue. All their MMOs are providing a "cash flow positive".

Funcom closes Beijing office, MMO live teams moved to North Carolina

Funcom closes Beijing office, MMO live teams moved to North Carolina

Funcom's restructuring has started to come into effect as Funcom Beijing is to be closed down. The Chinese-based studio team did a lot of art and animation work for The Secret World.

Meanwhile the live teams for Funcom MMOs are being rehomed at Raleigh, North Carolina. This moves most live devs from Montreal, which will focus more on unannounced mobile projects.

Anarchy Online suffering under Funcom layoffs

Anarchy Online suffering under Funcom layoffs

Anarchy Online is progressing slower than anticipated due to layoffs at Funcom.

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