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Tencent takes stake in Supercell

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2016-06-22 08:55Global Times Editor: Li Yan

Chinese Internet giant Tencent Holdings Ltd announced on Tuesday that it will acquire a 84.3 percent stake in Finland's Supercell Oy.

Tencent will buy the stake from SoftBank Group Corp in a deal worth about $8.6 billion, it said in a statement.

After the transaction, Supercell will retain its independent operations, and its headquarters will remain in Helsinki, Finland.

Supercell is a mobile game development company, which released successful mobile games such as Hay Day, Clash of Clans, Boom Beach and Clash Royale.

  

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