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.