Joystiq
Joystiq News
As and have taught us, there's a lot of money in cheesy mobile games. Tencent has Clash of Clans maker Supercell in a deal that values it at $10.2 billion. The Chinese company will acquire Softbank's 73 percent share of the game maker, which grossed $1.35 billion in 2015. The exact purchase price wasn't disclosed, but to pay for it, Tencent formed a consortium with other companies and is raising additional debt. Supercell will continue to operate independently and its headquarters will remain in Helsinki, Finland.
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