[Press Release] After weeks of speculation, Tencent today confirmed it has bought out all of Japanese company Softbank’s shares in Finnish mobile games developer, Supercell. The whole deal will cost Tencent a massive USD 8.57 billion for a majority stake “up to 84%”. The sum might seem like a “cheap” deal, and it is due to Softbank currently marred with heavy debt and anxious to sell out.
Update: The CEO of Supercell, Ilkka Paananen, has written a blog post about the deal with Tencent here – http://supercell.com/en/nextchapter/
