Tencent makes another move in acquiring another big game under their portfolio. Reports from TechInAsia confirms that the China social media and gaming company has acquired Supercell, the studio behind Clash of Clans and Clash Royale.
A sum of $8.6 billion was paid by Tencent to hold 84 percent stake of Supercell, relinquishing previous owner, Softbank, from being the major stockholder. The purchase marks Supercell’s valuation at $10.2 billion—at least doubled its valuation nearly a year ago.
The purchase of the biggest mobile game should come to no surprise from Tencent as they are currently on the path to becoming the biggest gaming publisher, based on revenue. Currently, Tencent owns Riot Games, the developers of League of Legends, owns a small stake in Epic Games, the creators of Gears of War, and also has a stake in Activision Blizzard.
With Supercell continuing to do well in the mobile gaming world, this purchase could prove to be beneficial for Tencent in the long-run. Only time will tell is this was a smart move for the Chinese media conglomerate.
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