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My inside information: Funcom being bought out

gamesrfungamesrfun Red Deer, ABPosts: 127Member

Big news for Funcom fans:

Hate me or dislike me, and my various alts (Litigator, etc.):

But, here is my last inside scoop:  Funcom is being bought out by EA or Activision.  

Questions:

1)  If you have this info, why do you not know who is buying Funcom out?

Answer:  I was told by my inside informant in Canada that it is 1 of the 2 major game companies.  I'm assuming it is EA or Activision.  Why he does not know, I cannot tell you.

2)  Why should I trust this information, because it is hearsay?

Fair enough, if this person is not telling me the truth, this could be 100% nonsense.  But I do know that this is a full-time Quebec Funcom employee.

3)  Funcom is Norwegian, they have laws for corporate takeovers.  What gives?

Answer: Corporate takeovers in Norway require two levels of compliance:  Board of Directors and also they must pass a "smell" test by the Norwegian Government.  Fact is, the smell test was set up to protect natural resources in Norway, and was not meant to protect industries such as Funcom.  If the BoD approves (unknown at this point) then I expect no issues with the Norwegian Legislature.

4) Does this make Funcom a good investment?

Answer:  I'm not exposing myself to that type of question.  Personally, I think Funcom is fairly valued, so they can make that choice.  Even if I thought differently I would not tell you.

5)  When should this happen?

Spring/Summer 2013, with a heavy leaning towards Spring unless something happens to derail the negotation.

Cheers:

Litigator/RexTerra/AlbertaLawyer:  aka gamesrfun

 

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Comments

  • Sevenstar61Sevenstar61 Centreville, VAPosts: 1,690Member Uncommon

    I am hesitant about it. Unless it's a real bargain. Economy is going to go downhill in next 4 years, companies are wary.

    But who knows.

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  • OG_ZorvanOG_Zorvan Fresno, CAPosts: 615Member

    I've been telling people for the last year+ that EA is buying out Funcom. Even when I point out that ex-EA execs amusingly make up Funcom's board of directors and would thus be inclined toward such a buyout.

    They all laugh.

    I'm just waiting.

    EA CEO John Riccitiello's on future microtransactions: "When you are six hours into playing Battlefield and you run out of ammo in your clip, and we ask you for a dollar to reload, you're really not very price sensitive at that point in time...We're not gouging, but we're charging."

  • Ambros123Ambros123 Neverneverland, TNPosts: 877Member
    While I will believe that Funcom will be bought out when I see it, I LOLed at the "Does this make Funcom a good investment?" comment.  Anything EA touches turn to utter crap, just like probobly THE greatest gaming company ever created that produced many much loved and forever cherished titles which got turned to an outsourced studio that only thing it carried from its legacy is the name.  Activision is not better.  RIP Bioware and screw you EAware.
  • bcbullybcbully Westland, MIPosts: 8,284Member Uncommon

    You know looking back on things, even though I'm a huge indy support and have supported funcom in part for being that indy, I can't help to wonder how things would have been different for TSW if Activision, or even EA did own Funcom. I think there would have been better marketing and TSW would have had more time to cook. 

     

    Idk maybe that extra backing could have made a difference. Idk.

  • FusionFusion VaasaPosts: 1,391Member Uncommon

    Waste of EA money if you ask me.

    Funcom should stick to Longest journey-saga or remake AO. Anything else they've delved in hasn't really "made it"

     

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    Waiting for: Class4.

    Dead and Buried: ESO, NWO, GW2, SWTOR, Darkfall, AO, AC2, Vanguard, CoH/V, EnB, EVE, Neocron, FE, EQ, EQ2, DAoC, FFXI, FFXIV, SWG, WoW, and billions of eastern junks!

  • DrunkWolfDrunkWolf Posts: 1,180Member Uncommon
    doesnt seem right, EAs track record shows them buying good companys and destroying them. what will they do with funcom? that place is already a mess.
  • Crazy_StickCrazy_Stick Privacy Preferred, NCPosts: 1,059Member

    EA take over... AKA the kiss of death. Just ask Bioware how that goes err, I mean all those ex bioware employees replaced slowly but surely enmass by insiders just like happened with every other single studio or company they have bought out. That would also impact the game in a bad way as they make people tinker it into a profitable form for them.

     

    Please not EA.

  • OG_ZorvanOG_Zorvan Fresno, CAPosts: 615Member
    Originally posted by DrunkWolf
    doesnt seem right, EAs track record shows them buying good companys and destroying them. what will they do with funcom? that place is already a mess.

    It would give EA a tangible foothold in the EU market (Funcom is HQ'd in Sweden) and would also give them a nice edge in getting ahold of a valuable IP to exploit (Conan). While it wouldn't give them the right to make more Conan games right off the bat, since Funcom only has a license for one game (AOC), it would force the IP holders of R.E.Howard's estate to deal with EA directly.

    EA CEO John Riccitiello's on future microtransactions: "When you are six hours into playing Battlefield and you run out of ammo in your clip, and we ask you for a dollar to reload, you're really not very price sensitive at that point in time...We're not gouging, but we're charging."

  • XAPKenXAPKen Northwest, INPosts: 4,941Member Uncommon

    If so, it's been kept quiet.  No jump in stock price as would be expected.


    Ken Fisher - Semi retired old fart Network Administrator, now turned Amateur Game Developer.  I don't Forum PVP.  If you feel I've attacked you, it was probably by accident.  Realm Lords 2 on MMORPG.com
  • erictlewiserictlewis Cottondale, ALPosts: 3,026Member Uncommon

    I can see ea buying out funcom. After all they produced TSW and host it on their servers.  AOC already free to play so they don't have to do anything.  The store is already in place in TSW so all you would have to do is stick some artificial road blocks in and take it free to play as wel.

    Should be interesting.

  • EilifEilif SandefjordPosts: 2Member

    It would give EA a tangible foothold in the EU market (Funcom is HQ'd in Sweden) and would also give them a nice edge in getting ahold of a valuable IP to exploit (Conan). 

    Just to clairfy:

    Their HQ is in Oslo, Norway. Funcom is a Norwegian company, and Norway is not a member of the EU.

     

     

     

     

     

  • JeroKaneJeroKane OsloPosts: 5,353Member Uncommon
    Originally posted by OG_Zorvan
    Originally posted by DrunkWolf
    doesnt seem right, EAs track record shows them buying good companys and destroying them. what will they do with funcom? that place is already a mess.

    It would give EA a tangible foothold in the EU market (Funcom is HQ'd in Sweden) and would also give them a nice edge in getting ahold of a valuable IP to exploit (Conan). While it wouldn't give them the right to make more Conan games right off the bat, since Funcom only has a license for one game (AOC), it would force the IP holders of R.E.Howard's estate to deal with EA directly.

    Maybe you should bother reading Funcom's corporate website first next time, as Funcom doesn't have an office in Sweden. ;-)

  • OG_ZorvanOG_Zorvan Fresno, CAPosts: 615Member
    Originally posted by Eilif

    It would give EA a tangible foothold in the EU market (Funcom is HQ'd in Sweden) and would also give them a nice edge in getting ahold of a valuable IP to exploit (Conan). 

    Just to clairfy:

    Their HQ is in Oslo, Norway. Funcom is a Norwegian company, and Norway is not a member of the EU.

     

     

     

     

     

    Originally posted by JeroKane
    Originally posted by OG_Zorvan
     

    Maybe you should bother reading Funcom's corporate website first next time, as Funcom doesn't have an office in Sweden. ;-)

    Actually I did know they were in Norway and have no damn idea why I said Sweden. :p

    As for the "EU", far as I was aware Norway was considered a "european" country regardless of European Union status. Maybe I should have said "european market" rather than "EU".

    Regardless, it still gives EA a strong foothold in a foreign market.

    EA CEO John Riccitiello's on future microtransactions: "When you are six hours into playing Battlefield and you run out of ammo in your clip, and we ask you for a dollar to reload, you're really not very price sensitive at that point in time...We're not gouging, but we're charging."

  • MMOExposedMMOExposed lalal land, DCPosts: 6,258Member Uncommon

    Blizzard in charge of Funcom MMO?

     

    seem interesting.

    image

  • jpnzjpnz SydneyPosts: 3,529Member

    Don't think EA is in a position to make a move like this.

    Acti-Blizz on the other hand is loaded with cash.

    It is hilarious to see some people think 'being on the board' = buyout.

    Kotick (Acti-Blizz CEO) is on the board for Coca-Cola. I am pretty sure Coca-Cola isn't buying Acti-Blizz. XD

     

     

    Gdemami -
    Informing people about your thoughts and impressions is not a review, it's a blog.

  • EladiEladi ArnhemPosts: 1,100Member Uncommon

    Why would EA at this time continue to do takeovers when EA themselfs are for sale  ?  why would they at this time buy a company that is not very healthy , this would only reduce EA potential sale value , not increase.

     

    http://www.ibtimes.com/electronic-arts-sale-ea-quietly-exploring-private-equity-interest-report-748611

  • fenistilfenistil GliwicePosts: 3,005Member
    Originally posted by Eilif

    It would give EA a tangible foothold in the EU market (Funcom is HQ'd in Sweden) and would also give them a nice edge in getting ahold of a valuable IP to exploit (Conan). 

    Just to clairfy:

    Their HQ is in Oslo, Norway. Funcom is a Norwegian company, and Norway is not a member of the EU.

     

     

     

     

     

    Yeah it is not in EU, but it is in EEA(European Economic Area) which economically is almost as if they were in EU.  Norway companies and vice versa have almost unresticted access to their markets, there is totally free movement of capital, goods, people(including workets) and services.   Norway is also in Schengen Area which mean no border control / stops.

    So while Norway is not in EU,  it practically is as far intergrated with EU as it is possible without actually being a member.

    ------------------------------

    On topic:

    Who knows.   Funcom stock dropped by like 90% and company itself propably need cash to stabilize so it might be cheap to buy Funcom.  I actually I am wondering why no Chinese or Korean company does not want to make buyout.  Those companies start to agreesively invest on western markets lately.

  • CaldrinCaldrin CwmbranPosts: 4,533Member Uncommon
    it would be a big shame if EA brought out funcom... that would be the end of interesting and different mmos that come out of that company... instead we would end up with the same old crap that EA like to puke out..
  • ShakyMoShakyMo BradfordPosts: 7,207Member
    OG
    Funcom are Norwegian not Swedish
    Ea are already in the eu, the have UK and Irish divisions.
  • ShakyMoShakyMo BradfordPosts: 7,207Member
    Question to op.
    Why are activision and ea "the big 2"?
    What about Sony, valve, zenimax? I reckon they have as much clout, possibly more.
  • dancingstardancingstar LeedsPosts: 346Member Uncommon
    Originally posted by erictlewis

    I can see ea buying out funcom. After all they produced TSW and host it on their servers.

    Nope. EA distributed the game (box copies & some digital sales through Origin iirc).

  • ShakyMoShakyMo BradfordPosts: 7,207Member
    Yep funcom are a developer / producer,like valve and rockstar. For instance they produce bloodline champions but don't develop it.
  • ShakyMoShakyMo BradfordPosts: 7,207Member
    Also its not on EAs servers.

    I'm not even sure EA run servers, maybe they do for swtor, but they don't run the daoc and warhammer servers directly.
  • EilifEilif SandefjordPosts: 2Member
    Originally posted by dancingstar
    Originally posted by erictlewis

    I can see ea buying out funcom. After all they produced TSW and host it on their servers.

    Nope. EA distributed the game (box copies & some digital sales through Origin iirc).

    Funcom host and run their own games. Anarchy Online is currently planned for migration to the same systems as TSW are hosted on, and Age of Conan was already migrated (I think).

    Not sure if all of you all played AO back in the days, but it's still active and is not only being migrated tpo their new servers but it is also being migrated to Funcoms newer engine Dreamworld and will be re-released (in beta) with a fresh new look in Q1 2013. I'll then play som AO again - 12 years after it was first launched - that is pretty awesome :)

     

     

     

     

  • TorvalTorval Oregon CountryPosts: 7,223Member Uncommon
    Originally posted by dancingstar
    Originally posted by erictlewis

    I can see ea buying out funcom. After all they produced TSW and host it on their servers.

    Nope. EA distributed the game (box copies & some digital sales through Origin iirc).

    Origin is a distribution service like Steam.  It's owned and run by EA.  You can buy RIFT through Origin.

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