Ron Burgundy Posted June 21, 2016 Share Posted June 21, 2016 BEIJING/TOKYO/HELSINKI (Reuters) - China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in Finland's Supercell, which makes the 'Clash of the Clans' mobile game, from SoftBank Group Corp , in a deal valued at roughly $8.6 billion. The purchase will expand Tencent'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. Tencent will acquire about 84.3 percent of Supercell via a wholly-owned consortium, including all of SoftBank's 72.2 percent stake, it said on Tuesday. View the full article Quote Link to comment Share on other sites More sharing options...
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