League of Legends owner Tencent may buy majority stake in Clash of Clans' Supercell
A new report claims that Tencent, the China-based publisher of the hit PC MOBA, League of Legends, is in talks with Softbank to acquire their majority stake in Supercell, the creators of the hit mobile strategy game Clash of Clans.
The Wall Street Journal reports that Japan-based SoftBank bought a 51% stake in Supercell for $1.53 billion in 2013 and increased that amount to 73% in 2015. It added:
While Tencent's ownership of League of Legends, from developer Riot Games, is a huge hit on the PC platform, it has yet to secure such a big game in the mobile market.
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By Kevin Lynch