Supercell, the studio behind the hit game Clash of Clans and Clash Royale, has been bought by Chinese company Tencent. The Chinese company will acquire a majority stake in Supercell for $8.6 billion, with a large chunk of that coming from Japanese telecom SoftBank, who bought a majority share in 2013. The deal values the company at a staggering $10.2 billion.
The deal with Tencent is a win-win for Supercell – not only is it being bought out by one of the biggest players on the web today, it also gives them an opportunity to tap into the large Chinese market, with backing from Tencent.
“This new partnership offers us exciting growth opportunities in China, where we will be able to reach hundreds of millions of new gamers via Tencent’s channels,” Ilkka Paananen, CEO of Supercell, said in a statement.
With the purchase Tencent will control two of the biggest names in gaming, both in mobile and PC – it recently acquired Riot Games, the studio responsible for League Of Legends, one of the biggest MOBAs on the PC today.