Beijing: China’s biggest gaming and social network company Tencent Holdings said on Tuesday it will buy most of Finnish mobile gaming firm Supercell from SoftBank Group Corp and other shareholders in a deal valued at roughly $8.6 billion.
Tencent will, over three instalments, acquire about 84.3% of Supercell via a wholly owned consortium, including all of SoftBank’s 72.2% stake, the Chinese company said. Supercell makes the hit online game Clash of Clans.
That consortium will then be open to unidentified co-investors, though Tencent expects to maintain a 50% voting interest, the firm said.
Supercell’s current management will keep their operational independence and the company will remain in Finland, Tencent’s statement said. Reuters
