AfterDawn: Tech news

China's Tencent wants to buy majority share in gaming giant Supercell

Written by Andre Yoskowitz @ 23 May 2016 10:42

China's Tencent wants to buy majority share in gaming giant Supercell

Last week we reported that an unknown Chinese company was looking to buy SoftBank's majority share in Finnish gaming giant Supercell, and it appears that that unknown company was actually Tencent.
The talks remain in early stages, but it is clear that Tencent is very interested in the company behind Clash of Clans, Boom Beach and Clash Royale.

Supercell has an estimated value as high as $5.25 billion. According to the reports, Alibaba tried to buy the stake last year, but the two companies could not agree on the price.

Tencent recently flew their president out to meet Supercell's founders, who have ultimate veto authority on any acquisition, but it is reported that the founders (still based in Finland) prefer SoftBank since the carrier has given Supercell complete autonomy.

Despite that hurdle, there are clear synergies for a merger. Tencent owns Riot Games, the maker of "League of Legends," an extremely popular desktop game, and has stakes in Glu Mobile and Pocket Gems, as well.

Source:
WSJ

Previous Next  
Comments have been disabled for this article.

Latest news

Sideloading apps to Android gets easier, as Google settles its lawsuit Sideloading apps to Android gets easier, as Google settles its lawsuit (19 Dec 2023 11:09)
Google settled its lawsuit in September 2023, and one of the settlement terms was that the way applications are installed on Android from outside the Google Play Store must become simpler. In the future, installing APK files will be easier.
3 user comments
Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments

News archive