TenCent Into Top Games League
Chinese Internet giant Tencent and its partners have agreed to pay US$8.6 billion to buy an 84.3pc stake in Finnish games company Supercell, maker of the popular Clash of Clans mobile game. The deal values Supercell at $10.2 billion.
Tencent and its partners will purchase the stake in Supercell from Japanese telecommunications giant SoftBank and the Finnish company’s current and former employees, according to a Wall Street Journal report.
The deal should see Tencent emerge as a global leader in personal-computer and mobile games, according to industry observers. It follows a 2011 deal in which Tencent bought ought a controlling stake in Los Angeles-based Riot Games, maker of the hit combat game League of Legends, for about $230 million.