Tencent Pays $10.2 Billion For Majority Stake In Supercell
Tencent announced today that it will be paying "an equity value of approximately USD 10.2 billion" to acquire "up to 84% of Supercell," creators of Clash of Clans and Clash Royale, from SoftBank. "A definitive agreement" has been signed and the transaction is "currently expected to close during the third calendar quarter of 2016." Once the transaction has closed, SoftBank [...]
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