Tencent looking to buy Clash of Clans developer Supercell for around $9 billion
Clash of Clans creators Supercell is another company that's facing a foreign takeover this week. Chinese Internet giant Tencent Holdings Ltd. has been courting the Japanese stakeholders of SoftBank, who decided that the gaming industry isn't the right fit for them and want to pull out of the market. Previously Softbank bought a majority share of 51% in the company for around 1.5 billion USD, but has upped the total shares by 22.7% for a total of 73.7% in 2015.
With games like Boom Beach and Clash of Clans, Supercell brought in around $2.4 billion in 2015. For the Finland-based company this is a $6.5 million in profit a day. Softbank seems to be selling their stake at a valuation of $9 billion USD.
For gamers out there, you shouldn't worry about any specific changes happening due to unneeded meddling. Tencent's current investments include a wide range of mobile and computer games, from celebrity smartphone games to League of Legends. Apart from that, it is important to keep in mind that this isn't a hostile take-over as we have seen with Ubisoft and Vivendi, but instead is just a $7.5 billion dollar profit for the people who own a stake in Supercell.