Home Tencent confirms deal to buy Supercell from Softbank
 

Keywords :   


Tencent confirms deal to buy Supercell from Softbank

2016-06-21 13:09:00| Telecompaper Headlines

(Telecompaper) Chinese internet company Tencent has confirmed an agreement to buy Supercell, the developer of the game 'Clash of Clans', in a deal valuing the Finnish company at USD 10.2 billion. Tencent is the majority shareholder of a consortium of investors buying 84 percent of Supercell; the company did not say how much it will contribute to the purchase price. Supercell's employees will continue to own the rest of the company, and Tencent said it will continue to encourage a strong employee involvement through share incentives. In future employees will be able to sell shares from vested options to Tencent on an annual basis.

Tags: buy deal confirms softbank

Category:Telecommunications

Latest from this category

All news

»
15.11100 SMAX
15.11ANABoeing 747JA809518cm660g
15.1114
15.11
15.11PS3 CECH2500A
15.11
15.11T
15.11adidas
More »