Deals
China's Tencent Buys Control of Clash of Clans Maker for $8.6 Billion
- China’s largest internet firm gains a roster of mobile hits
- The deal values game maker Supercell at $10.2 billion
Tencent Firms Portfolio With $8.6B Supercell Deal
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Tencent Holdings Ltd. will lead an $8.6 billion acquisition of gamemaker Supercell Oy, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal.
China’s largest internet company is leading a group that will buy 84 percent of Supercell, including shares held by SoftBank Group Corp. and current and former employees. The deal values the Finnish gaming house at about $10.2 billion and adds chart-toppers Clash of Clans and Hay Day to a Tencent portfolio that dominates the Chinese social media scene but made few waves abroad.