Link: http://www.funcom.com/news/funcom_se...lar_investment
(via MassivelyOP)Oslo, Norway – May 26th, 2016 – Funcom, the independent developer and publisher of computer and console games, today announced that the company has received a 6.3 million USD private placement investment. The company has also significantly reduced its debt by 7.7 million USD through a debt conversion process that has no cash impact on the company. As a result, the company’s equity has been greatly improved from -10 million USD to more than +4 million USD. The investment ensures a considerably healthier financial situation for the company that allows it to execute its new strategy, secure development on new titles, and continue to support its portfolio of live online games.