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Tencent in talks with co-investors for Supercell Oy
2016-07-05 16:57:00| Telecompaper Headlines
(Telecompaper) Tencent want others to come and help fund its USD 8.6 billion acquisition of Supercell Oy, the Wall Street Journal reported, citing sources familiar with the matter. Talks are ongoing with a number of investors, as a consortium, including China's sovereign-wealth fund China Investment, the Canada Pension Plan Investment Board and Hillhouse Capital Group. Tencent is looking to buy an 84.3 percent stake in the developer of the 'Clash of Clans' game from SoftBank and the startup's current and former employees. None of the parties were available or wished to comment. Tencent only confirmed it was in the process of talking to potential co-investors "in the consortium who are interested in participating in the long-term success of Supercell." Tencent is still in the process of shortlisting participants in the consortium, and the list of potential co-investors could change, the people said.
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Category:Telecommunications