Chinese Web Giant Tencent to Take Majority Stake in Supercell Oy from Softbank & Others for $8.6 billion

Chinese Web Giant Tencent to Take Majority Stake in Supercell Oy from Softbank & Others for $8.6 billion Image Credit: Tensent/Supercell Oy

China-based Tencent has agreed to acquire 84% of Supercell Oy, including shares held by SoftBank Group for an estimated $8.6 billion. Supercell is a Finnish game developer responsible for titles including the famous Clash of Clans.

The acquisition is expected to make the Chinese Web giant as the world’s biggest videogame publisher by revenue.

Following the transaction, Supercell Oy will be owned by the Consortium and by Supercell’s employees. Supercell will retain its independent operations, the headquarters will remain in Helsinki, Finland and its existing team will continue to run all the operations of the company. 

Masayoshi Son, Chairman and CEO of SoftBank Group Corp
Our decision to divest our shares is driven by our continued focus on monetization for the benefit of our shareholders and on capital structure discipline, both key pillars of our SoftBank 2.0 strategy.

Ilkka Paananen, CEO of Supercell
We want Supercell to be the world’s best place for creative people to create games. At the same time, this new partnership offers us exciting growth opportunities in China, where we will be able to reach hundreds of millions of new gamers via Tencent’s channels.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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