China’s Tencent buys ‘Clash of Clans’ maker Supercell for $8.6 billion

By Paul Carsten, Jussi Rosendahl and Ritsuko Ando BEIJING/HELSINKI/TOKYO (Reuters) – China's biggest gaming group Tencent Holdings Ltd is to buy a majority stake in 'Clash of Clans' mobile game maker Supercell from SoftBank Group Corp in a deal valued at roughly $8.6 billion. The purchase will expand Tencent's interests overseas, as the Chinese video game and social network group still relies mainly on its home market even though it has stakes in various foreign studios like Epic Games and Riot Games. Finnish mobile games maker Supercell will now have Tencent's backing as it pushes more aggressively into China's online gaming market.

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