Tencent acquires Finnish game-maker
A Tencent-led consortium is buying control of Supercell in a deal that values the leading Finnish game developer at about $10.2 billion.
Tencent and its partners will pay $8.6 billion to acquire up to 84 percent of Supercell, mostly from SoftBank Group Corp, which aims to use the proceeds from the deal to cut debt.
Supercell, developer of the hit title Clash of Clans, has topped the list of App Annie’s Top 52 publishers for 2014 and 2015 and is one of the most profitable game developers in the world.
The Helsinki-based game developer said in March that it posted a profit of $930 million on revenues of $2.3 billion in 2015.
It also claimed active daily users totaling 100 million around the world.
Supercell will retain its independent operations; the headquarters will remain in Helsinki.