Tencent buy Clash of Clans and Supercell of 7.6 billion euro – International Business Times Italy

Tencent continues its invasion in video games. After acquiring the developer of League of Legends Riot Games, the Chinese company has announced that it has invested $ 8.6 billion (7.6 billion euro) in Supercell , maker of the popular Clash of Clans and Boom Beach . Supercell as a company is valued $ 10.2 billion (EUR 9 billion).

A move for the owner of the app messaging WeChat , the most widespread in China , implies a further acceleration to the games industry. The transaction involves the acquisition by Tencent 84 percent of Supercell actions, of which 73 per cent from the former majority shareholder, Softbank.

In the official statement, is immediately put it clear that “Supercell will maintain its independence, its headquarters will remain in Helsinki and the current team will continue to carry on all operations of the company.”

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Clash Royale is the latest effort the creators of Clash of Clans and Hay Day for iOS and Android. Supercell

Supercell owes its success to the mobile world. In recent years, the development house gave birth to popular video games for smartphones and tablets such as Boom Beach, Clash of Clans and Hay Day , which have generated billions of dollars in profits for the company thanks to the purchase in -app. In 2015, for example, although growth slowed, Supercell reported revenue of $ 2.3 billion (€ 2 billion) and a profit of $ 930 million (824 million euro). In 2016 launched Clash Royale, has already become one of the most popular apps on Android and iOS.

For its part, Tencent over the years has shown a growing interest in video games. Before Supercell and Riot Games, it has invested 330 million dollars (292 million euro) in Epic Games in 2012, ie 48.4 percent of the company’s shares. Epic Games has given birth to the series as a Gears of War and Unreal Tournament and Unreal Engine, used by many video games on consoles, PC and mobile.

In this way, the Chinese giant is expanding its business, which also includes e-commerce, the server and important localized services in China as the web portal QQ.com and the TenPay online payment service, representing an impression on the Chinese gaming market that can no longer be underestimated.

the original article reported that the investment of Tencent amounted to 9 billion euro. This figure refers to the current total value of Supercell. The article has been updated to reflect this clarification.