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China’s Tencent buys into Clash of Clans developer Supercell

/ 03:41 PM June 22, 2016

Tencent purchases a majority stake in Supercell for Clash of Clans. Image from Supercell

Chinese company Tencent has agreed to buy a majority stake in Clash of Clans developer Supercell.

The Verge reports that the deal is worth US$8.57 billion. Supercell CEO Ilkka Paananen said, “We want Supercell to be the world’s best place for creative people to create games. At the same time, this new partnership offers us exciting growth opportunities in China, where we will be able to reach hundreds of millions of new gamers via Tencent’s channels.”

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Tencent is the company behind WeChat and China’s instant messaging software service QQ. It also owns Riot Games, maker of the hugely popular League of Legends. Alfred Bayle

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TOPICS: Clash of Clans, Gaming, Supercell, tencent
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