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Tencent Offers to Acquire Funcom Games for $148mn: Tech Report

Xiaomi's sub-brand Black Shark launched Black Shark 2 Pro smartphone in July last year and the upcoming Black Shark 3 is expected to be launched in the next few months

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FILE - Visitors use their smartphones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing, May 6, 2014.
FILE - Visitors use their smartphones underneath the logo of Tencent at the Global Mobile Internet Conference in Beijing. VOA

Tencent Games, the world’s largest gaming company with hits like PUBG: Mobile and Arena of Valor, has announced a $148 million offer to acquire all shares of Norwegian game developer Funcom.

Back in October 2019, Tencent acquired a 29 per cent stake in Funcom from KGJ Capital to become the company’s largest shareholder.

Tencent already owns big stakes in many leading gaming developers, such as Riot Games, Epic, Supercell, Ubisoft, Paradox, and Frontier.

“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,” Polygon quoted Steven Ma, senior vice president of Tencent.

PUBG, Addictive, Game, Kills
With smartphones getting cheaper and better, mobile gaming has taken off and millions of Indian youth are now hooked to games like PlayerUnknown Battleground (PUBG). Pixabay

Reports also claims that Funcom is quite happy about the offer and have urged shareholders to sell their stakes.

Tencent recently announced its new partnership with gaming smartphone manufacturer Black Shark.

The new deal with Black Shark will focus on cooperation in the field of gaming phones with the end goal of giving users an improved mobile gaming experience.

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Earlier smartphone makers like Asus partnered with Tencent Games to bring their ROG Phone II and also the Tencent customized Elite version in China.

Xiaomi’s sub-brand Black Shark launched Black Shark 2 Pro smartphone in July last year and the upcoming Black Shark 3 is expected to be launched in the next few months. (IANS)

Next Story

Apple Refutes Report of Sharing Safari Data with Tencent or Google

Apple CEO Tim Cook has said he believes privacy is "ingrained in the Constitution," but that he's worried about how third-party companies have worked to collect information on us

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Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

After media reports surfaced that Apple is sending iOS users’ data via its Safari browser to Google and the Chinese tech company Tencent, the Cupertino-based iPhone maker refuted such reports, saying it safeguards people’s information in its own systems and never shares it with third-party players.

A report in reclaimthenet.org stated that “Apple, which often positions itself as a champion of privacy and human rights, may be sending some IP addresses from users of its Safari browser on iOS to Chinese conglomerate Tencent — a company with close ties to the Chinese Communist Party”.

The report focused on Apple’s “fraudulent website warning” system which is built into Apple’s Safari web browser to warn people when they visit sites that are harmful and can trick users into sharing login passwords for banks, email and social media.

“Before visiting a website, Safari may send information calculated from the website address to Google Safe Browsing and Tencent Safe Browsing to check if the website is fraudulent. These browsing providers may also log your IP address,’ read the information on Apple’s “Safari & Privacy” section.

It’s unclear when Apple started allowing Tencent and Google to log some user IP addresses, but one Twitter user reported the change in Safari happened as early as the iOS 12.2 beta in February 2019, said the report.

Google on an Android device. Pixabay

In a statement, the company said it actually doesn’t send information to Google or Tencent.

“Instead, it receives a list of bad websites from both companies and then uses it to protect people as they surf the web. Apple sometimes obscures the information about the website people visit if it requests more information to check if a questionable website is malicious,” CNET reported on Monday, citing Apple’s statement.

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For people concerned about their privacy, the service can be turned off in Safari preferences on the iPhone or Mac.

Apple CEO Tim Cook has said he believes privacy is “ingrained in the Constitution,” but that he’s worried about how third-party companies have worked to collect information on us. (IANS)