Clash of Clans Dev Bought by Tencent for $8.6 Billion
According to an article published by The Wallstreet Journal, developer Supercell, the team behind the popular mobile game Clash of Clans, is now valued at $10.2 billion. This is all thanks to a deal that just went through between Chinese investment company Tencent and Supercell. Tencent will pay $8.6 billion to acquire Supercell, making Microsoft's Minecraft deal seem like nothing.
This means that the Japanese company SoftBank will no longer have the majority share in Supercell. Now that Tencent has Supercell, they have also acquired mobile games like Boom Beach, Clash Royal, and Hay Day. Supercell has the highest grossing apps in Apple's iOS App Store according to sales in the month of May.
Couple along with the fact that Tencent is also the majority shareholder in Riot Games, makers of League of Legends, Tencent is now the leader in the personal computer games industry.
Take that, Activision!