Chinese internet giant Tencent buys Clash of Clans maker Supercell
Chinese technology company Tencent has taken over the Finnish game developer Supercell – the maker of popular games like Clash of Clans and Hay Day.
Tencent will pay 8.6 billion dollars or more than 7.5 billion euros to gain more than 84 percent of the shares of Supercell. The shares will be purchased from the Japanese major shareholder Softbank and current and former employees of Supercell.
Popular smartphone games
The games of Supercell are among the most popular games for smartphones. The Finnish company was founded in May 2010 and also has offices in San Francisco, Tokyo, Seoul, and Beijing. The company currently has approximately 180 employees and sales last year were $ 2.3 billion. The profit then came to 924 million dollars.
The new Chinese owner confirms that the management of Supercell remains independent and the company remains based in Finland. Supercell currently offers only four games: Clash of Clans, Clash Royale, Hay Day, and Tree Beach. All games are free, but Supercell deserves well to purchases within apps.
It is Tencent’s second major acquisition of a big game maker. Last year, the Chinese company took all the US Riot Games, the creators of popular League of Legends. In addition, Tencent has a large stake in Activision Blizzard and Epic Games.
Tencent is one of the largest Internet companies in the world but focuses its services particularly in China. The company is also behind the popular instant messaging service WeChat. WeChat has more than 700 million active users.
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