Shenzhen-based online giant Tencent has agreed to acquire a majority stake in Finnish mobile game developer Supercell from Tokyo-based technology company SoftBank.
Following customary regulatory approvals and closing conditions, Tencent will own 84 per cent of Supercell in a transaction valuing the studio at approximately 10.2 billion USD.
Helsinki-based Supercell, best known for their popular Hay Day, Clash of Clans, Boom Beach and Clash Royale games, will retain its independent operations in Finland and its existing team will continue to run all operations.
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“We have enjoyed an outstanding relationship with Ilkka and the Supercell team, and it has been our privilege to be part of Supercell’s incredible growth story,” says SoftBank chairman and CEO Masayoshi Son. “I have great respect for Tencent and its leadership in games, and believe that with its commitment to respect Supercell’s independence, Tencent represents the ideal partner to take Supercell’s business to the next level.”
“We are excited that Supercell is joining our global network of game partners,” says Tencent president Martin Lau. “It is important to us that Supercell stays true to its roots by sustaining its unique culture, continuing to be headquartered in Finland, and representing its home proudly.”
“Today is about chasing a future for Supercell that we have always dreamed of,” says Supercell CEO Ilkka Paananen. “We’ve made excellent progress (and) Tencent’s investment secures what has made all of this possible, which is our independence and unique culture of small and independent teams.”
Learn more about Supercell at supercell.com.