Tencent buys Clash of Clans maker Supercell for US$8.6b
Add BT as a preferred sourceBeijing
CHINA'S biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland's Supercell, which makes the Clash of Clans mobile game, from SoftBank Group Corp, in a deal valued at roughly US$8.6 billion.
The purchase will expand Ten-cent's interests overseas, as the Chinese video game and social network group still relies mainly on its home market even though it has stakes in various foreign studios like Epic Games and Riot Games.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Is it time to scrap COE categories for cars?
