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is supercell owned by tencent

Tencent's headquarters is currently the Tencent Binhai Mansion, also known as the Tencent Seafront Towers, which is located in Shenzhen's Nanshan District. See here for a complete list of exchanges and delays. Its mobile game, Honour of Kings, brought in an estimated $1.3 billion in revenue, according to Nielsen’s SuperData. The company has a 48% stake in Epic Games, the developer of Fortnite, the global sensation that SuperData estimates earned $2.4 billion in 2018. 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. 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. It expects to book a 600 billion yen ($5.74 billion) pre-tax profit this financial year from the sale, it said. The consortium will open up to co-investors, though Tencent expects to maintain a 50 percent voting interest, it said. SoftBank is seeking to bolster its finances following its 2013 acquisition of a majority stake in struggling U.S. wireless carrier Sprint Corp, . So technically, Finland is the country behind Clash of Clans’ existence but it is now owned by Tencent, a Chinese firm. I graduated with a BA in journalism from Rowan University and interned at Philadelphia Magazine. Topline: Chinese internet giant Tencent added to its massive gaming portfolio this week by attaining majority control over Helsinki-based Supercell, the studio behind Clash of Clans and Clash Royale. It even has a minority stake in Krafton Game Union, which publishes Fortnite’s competitor, PUBG. Editing by Muralikumar Anantharaman and Jane Merriman. I previously wrote for sites like IGN, Polygon, Red Bull eSports, Kill Screen, Playboy and PC Gamer. CEO Ilkka Paananen said Supercell participated in the search of a new partner and had also considered a flotation. BEIJING/HELSINKI/TOKYO (Reuters) - China's biggest gaming group Tencent Holdings Ltd 0700.HK is to buy a majority stake in 'Clash of Clans' mobile game maker Supercell from SoftBank Group Corp 9984.T in a deal valued at roughly $8.6 billion. I. I cover breaking news and also report on the video game industry. Clash of Clans is a war strategy game in which players build fortresses, form clans and battle it out with other clans in a Medieval-style fantasy world. Before Supercell, two of its founders, Mikko Kodisoja and Ilkka Paananen, worked at Sumea, a mobile game company. I previously wrote for sites like IGN, Polygon, Red Bull eSports, Kill Screen, Playboy and PC Gamer. However, Ma Huateng, co-founder of Tencent, still owns a significant stake. It expects to book a 600 billion yen ($5.74 billion) pre-tax profit this financial year from the sale, it said. SoftBank said the latest sale would yield a return of around 2.9 times its original investment. Kodisoja co-founded Sumea in 1999, and Paananen was hired as the company's CEO in 2000. In the following year, the American Digital Chocolatebought Sumea and made the company its Finnish headquarters and Paananen the European manager. “This deal enables us to keep Supercell privately held. SoftBank said the latest sale would yield a return of around 2.9 times its original investment. By Paul Carsten, Jussi Rosendahl, Ritsuko Ando. In a surprise move, SoftBank also said on Tuesday President Nikesh Arora would resign at its Wednesday shareholder meeting, less than two years after he joined the group. The Japanese group this month said it would sell $10 billion worth of shares in China's Alibaba Group Holding Ltd BABA.N to cut debt. Photo: Handout Tencent Holdings The Japanese group this month said it would sell $10 billion worth of shares in China's Alibaba Group Holding Ltd, SoftBank: Supercell stake to yield pre-tax profit of 600 billion yen, SoftBank founder's heir apparent Nikesh Arora to quit. SoftBank is seeking to bolster its finances following its 2013 acquisition of a majority stake in struggling U.S. wireless carrier Sprint Corp S.N. © 2020 Forbes Media LLC. Tencent Holdings is the largest mobile game distributor in terms of revenue, and one of its key purchases on the way to global mobile dominance was its … You can follow me on Twitter @mattryanperez. Independent financial analyst Richard Windsor said: “Clash of Clans has been constantly in the top 5 grossing apps ... for a very long time, making this a great platform (for Tencent) from which to begin building a position in developed markets.”. However, that figure is down from a 2015 peak of $5.5 million daily, which would help explain Supercell’s year-over-year dip to revenues of $1.6 billion and profits of $635 million in 2018, as reported by the company.

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