The Finnish software house Supercell, a leader in mobile computing, is now the property of the Chinese Tencent.
After weeks of rumors, the acquisition of Supercell by Tencent’s official. Chinese gaming giant has announced that it has reached an agreement with the Japanese telco SoftBank, which previously held a majority stake in the Finnish software house.
The agreement brings the overall rating of Supercell to 10.2 billion dollars, a remarkable figure that seals the primacy of the group that, among others, has brought to light Clash of Clans, in the mobile arena. When the deal is ratified, Tencent will own 84% of Supercell, while the rest of the shares remain in the hands of the employees of the Finnish group.
Tencent is one of the leading groups ever seen in the world of video games that already manages Riot Games (League of Legends) and Epic Games (Unreal Engine). Also it owns minority interests in Activision Blizzard, Paradox Interactive, Miniclip, Glu, Discord, Robot Entertainment and Artillery.
In a post on the official website, the CEO of Supercell, Ilkka Paananen, explains the key aspects of the agreement. Tencent will allow Supercell to continue to act as an independent entity, without having to answer to shareholders and financial markets and the consequent pressure on releases and timing. The Chinese group has a great culture and tradition for video games, according to Paananen, and the way he has worked with Riot Games confirms it. Also, it could allow Supercell to get new market share in China.
“There are more players in China than in any other nation,” Paananen blog wrote. “The Tencent platform reaches nearly one billion users and can boast about 300 million active players. This means that we will have the opportunity to submit our games to the attention of a greater number of users. In addition, their social platforms we It will provide new opportunities for play “.
SoftBank, through its subsidiary GungHo Entertainment, had acquired 51% of the Supercell shares in 2013 in a deal worth US $ 3 billion. SoftBank recent financial difficulties have convinced his management to change strategy in the gaming industry: not only selling Supercell but also allowing GungHo to regain its independence for 680 million dollars.
Moreover, the president of SoftBank, Nikesh Arora, has just resigned from office, as you can read in the Wall Street Journal. According to the reconstructions of the analysts, the aggressive acquisition campaign setup startup into practice by SoftBank past two years he would not bring the desired results.
Other details on the success of Clash of Clans are located here.