China’s biggest gaming group Tencent Holdings is to buy a majority stake in ‘Clash of Clans’ mobile game maker Supercell from SoftBank Group Corp in a deal valued at roughly $8.6 billion.
The purchase will expand Tencent’s interests overseas, as the Chinese video game and social network group still relies mainly on its home market even though it has stakes in various foreign studios like Epic Games and Riot Games.
Finnish mobile games maker Supercell will now have Tencent’s backing as it pushes more aggressively into China’s online gaming market. For Japanese internet and telecoms group SoftBank, the Tencent deal will mark its third major asset reshuffle in the past month.
Tencent will acquire about 84.3 percent of Supercell via a wholly-owned consortium, including all of SoftBank’s 72.2 percent stake, it said on Tuesday. The sale is one of the world’s biggest ever gaming deals.
Supercell, also creator of Boom Beach and Hay Day, has a handful of successful games and gets revenue from in-game purchases, helping it to avoid the problems faced by the likes of rival Rovio Entertainment, which has failed to create a new hit game since its 2009 launch of Angry Birds.