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Tencent to Acquire Majority Stake in Supercell from Softbank in $10.2B Deal

Japanese telecommunications giant SoftBank Group Corp. (TYO: 9984) is said to be considering a sale of its Finnish mobile game developer Supercell Oy, Bloomberg reported. SoftBank’s total ownership in Supercell reached 73.2% in June 2015, the company said. Supercell has been reportedly valued at over $5 billion. Supercell is a mobile game company headquartered in Helsinki, Finland, with offices in San Francisco, Tokyo, Seoul and Beijing. Based on its track record of global top selling mobile game titles including “Clash of Clans”, “Hay Day”, and “Boom Beach”, Supercell is a leader in the mobile games industry. Its games are available for tablets and smartphones using both Apple’s iOS and Google’s Android operating systems. The company was founded in 2010 by Ilkka Paananen, CEO, and Mikko Kodisoja. SoftBank had positioned its partnership with Supercell as “core to its mobile content strategy,” said the company in June last year, when it increased its stake in Supercell by acquiring an additional 22.7% holding from outside investors. SoftBank first acquired a 51% stake in Supercell for $1.5 billion in October 2013. Supercell had previously raised $12 million in a Series A funding round led by Accel Partners in 2011, and $130 million in a Series B round led by Index Venures and Institutional Venture Partners (IVP) in April 2013. SoftBank Group Corp. is a Japanese multinational telecommunications and Internet corporation, with operations in broadband, fixed-line telecommunications, e-commerce, Internet, technology services, finance, media and marketing, and other businesses. The company was founded in 1981 and is headquartered in Tokyo, Japan. In May 2015, SoftBank was ranked in the Forbes Global 2000 list as the 62nd largest public company in the world. Between 2009 and 2014, SoftBank’s market capitalization increased by 557%, the fourth largest relative increase in the world over that period. At the beginning of 2015, the company was the third largest public company in Japan after Toyota and Mitsubishi UFJ Financial. As of May 13, 2016, SoftBank had a market capitalization of US$61.57 billion. SoftBank’s founder and CEO, Masayoshi Son had a net worth of $13.6 billion according to Forbes as of June 2015, and he is the second richest man in Japan.]]>