Tencent in Late Talks to Buy Supercell

Thursday, 16 June 2016

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Clash of Clans

by Supercell

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Chinese internet giant Tencent is in talks to buy the maker of the hit mobile game ‘Clash of Clans.’ Supercell is valued more than $9 billion, a move that ensures Tencent atop the intensively competitive mobile gaming market.

Supercell was founded in 2010 by six senior game developers and has launched only four titles: “Hay Day,” “Clash of Clans,” “Boom Beach” and “Clash Royale.” In the U.S. and Europe, all four titles were amongst the top 20 mobile game list by revenue on Apple Inc.’s iOS system as of May, according to videogame research firm Newzoo.

Tencent is now in final-stage talks with SoftBank Group Corp. to buy the Japanese telecommunications firm’s majority stake in Supercell Oy, an inner personnel said. The Chinese company also is discussing with several other financial investors, including Beijing-based Hillhouse Capital Group, to join in the purchase as co-investors, the people said. No comments were delivered from Tencent, Supercell and SoftBank regarding this thus far.