Japanese telecom SoftBank Group has agreed to sell an 84.3% stake in Supercell to Chinese Web giant Tencent Holdings and partners. The deal is worth $8.6 billion, The Wall Street Journal reports.
Supercell is the creator of the hugely popular “Clash of Clans” mobile games. “SoftBank first bought a 51% stake in the Finnish gaming company [Supercell] for $1.53 billion in 2013
[and, last year] raised its stake to 73%.”
Read the whole story at Wall Street Journal »
