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<b>Supercell</b> – Tencent paying over USD 8 billion to become majority shareholder

[Press Release] After weeks of speculation, Tencent today confirmed it has bought out all of Japanese company Softbank’s shares in Finnish mobile games developer, Supercell. The whole deal will cost Tencent a massive USD 8.57 billion for a majority stake “up to 84%”. The sum might seem like a “cheap” deal, and it is due to Softbank currently marred with heavy debt and anxious to sell out.

Update: The CEO of Supercell, Ilkka Paananen, has written a blog post about the deal with Tencent here –

About the Author

cinderboy Your average online gamer who is bilingual in Chinese and English, although he does try to play Japanese and Korean games sometimes. Online gaming since 1999, and has worked in the online gaming and mobile gaming industry (Journalist, Game Master, Community Manager, Operations Manager) since 2008.

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