Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event. 


(Reuters) — Tencent Holdings Ltd, China’s biggest social network and online entertainment firm, is nearing a deal to buy a majority stake in Supercell Oy, which will value the mobile game maker at more than $9 billion, a source familiar with the matter said.

Tencent plans to buy the stake in Supercell, the Finnish company behind the mobile game ‘Clash of Clans’, from Japan’s SoftBank Group Corp.

SoftBank said last year it had increased its controlling stake in Supercell to 73.2 percent, without disclosing the financial details.

The Japanese communications and media company had bought a 51 percent stake in the mobile games maker in 2013 for about $1.5 billion.

Event

The 2nd Annual GamesBeat and Facebook Gaming Summit and GamesBeat: Into the Metaverse 2

January 25 – 27, 2022

Learn More

Tencent, which is in late-stage talks with SoftBank, is in discussions with several financial investors, including Hillhouse Capital Group, to join in the purchase as co-investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Tencent, Softbank and Supercell were not immediately available for a comment.

(Reporting by Arunima Banerjee in Bengaluru and Liana Baker in San Francisco; Editing by Shounak Dasgupta)

GamesBeat

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member