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Tencent purchases Clash of Clans’ game maker Supercell

(People's Daily Online)    13:47, June 22, 2016
Tencent purchases Clash of Clans’ game maker Supercell
(File photo)

China’s Internet giant Tencent has inked a deal to purchase 84.3 percent of the Finnish company Supercell whose mobile game Clash of Clans boasts fans worldwide.

According to a Tencent announcement on Tuesday, the company has purchased 84.3 percent of the stakes in Supercell at $8.6 billion, marking the biggest overseas purchase of Tencent, the news site thepaper.cn reported.

Liu Zhiping, president of Tencent, was quoted as saying at a telephone conference that the purchase of Supercell will offer more access for Tencent to make more moves in investment in mobile games overseas, according to thepaper.cn.

Founded in 2010, Supercell received much applause from worldwide mobile gamers with its four games: Clash of Clans, Clash Royale, Boom Beach and Hay Day. The company reportedly has some 100 million active gamers online every day.

Clash of Clans was the most profitable mobile game of 2015, with a total revenue of $1.35 billion, thepaper.cn noted.

Tencent, sitting on an enormous messaging service market in China, is also a big shareholder of the world’s game market.

In 2011, the company made an acquisition of League of Legends’ game maker Riot Games at $230 million. League of Legends earned $1.63 billion in 2015, ranking top among the world’s PC games, thepaper.cn reported.

(File photo)
(File photo)
(File photo)
(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Jiang Jie,Bianji)

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