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Sources "familiar with the matter" have told Bloomberg that Tencent might have to fork over $9 billion to purchase Clash of Clans developer, Supercell.
June 10, 2016
1 Min Read
Last month Bloomberg reported that Chinese internet giant Tencent was the front runner to buy Clash of Clans developer, Supercell.
Now, the news outlet has said sources "familiar with the matter" believe the deal may be valued at around $9 billion.
According to those unnamed sources, negotiations are still in their infancy, and any proposed deal could still fall apart.
SoftBank initially shelled out $1.5 billion to acquire a majority stake in the Finnish studio back in October 2014, before upping its stake in Supercell to 73.2 percent - although the price of that later deal was never made public.
As for Tencent, a takeover would see the company build out its already impressive roster of subsidiaries, which includes League of Legends creator, Riot, and popular mobile messaging service, WeChat.
Recent rumblings from the Wall Street Journal have also indicated SoftBank is keen to get rid of its majority stake in Puzzle & Dragons developer, GungHo Online.
The proposed buyer in that deal is none other than GungHo itself, with the Japanese studio keen to buy back its own shares for 294 yen ($2.74) each.
About the Author(s)
News Editor, GameDeveloper.com
Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.
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