If you are one of them who doesn’t know about Tencent then let me tell you it was Tencent who owns Riot Games, maker of League of Legends, Gears Of War and WeChat which is the famous alternative to WhatsApp. Tencent and its partners will purchase the majority stake in Supercell from the Japanese telecommunications Softbank Group corp. for approximately $8.6 billion. Tencent will become the majority shareholder in the company. SoftBank will no longer have anything to do with Supercell. The purchase agreement includes an operation of $ 8.6 billion, thanks to which Supercell now be valued at just over $10 billion. With this agreement, Tencent will acquire all shares of Softbank, who owned 73% of the total. Thus, Softbank will no longer have anything to do with Supercell, while Tencent will become the majority shareholder of Supercell. Supercell CEO ILKKA Paananen in a statement said “We want Supercell to be the world’s best place for creative people to create games, At the same time, 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.” Tencent continues to grow in the business sector of video games. As we already mentioned Tencent owns Riot Games, maker of League of Legends is now owns supercell, which will win games like Clash of Clans, Hay Day, Boom beach which is a huge success in Google Play store.
