Monday August 3, 2020

China's Tencent buys control of Clash of Clans maker for $8.6 billion

The deal values game maker Supercell at $10.2 billion

22nd June, 2016
The deal values Supercell at $10.2 billion Pic: Pixabay

Tencent Holdings will lead an $8.6 billion (€7.6 billion) acquisition of game maker Supercell, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal.

Tencent, Baidu and Alibaba have embarked on an acquisition spree, seeking content and technology in their tug-of-war over the world’s largest internet population. The Supercell purchase may galvanise a wave of overseas deals as the trio’s ambitions expand beyond a slowing home...

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