Mentioned in this article
- Tencent has acquired a majority stake in a consortium that indirectly holds an 81.4% stake of mobile developer Supercell.
- Supercell is the Finnish studio behind Clash Royale, Clash of Clans, and Brawl Stars, all of which have major esports competitions.
- Tencent acquired 44,000 additional shares in the consortium via a $40M USD convertible bond, which increased its stake from 50% to 51.2%.
Chinese multinational investment holding conglomerate Tencent has acquired a majority equity voting stake in a consortium that itself holds a majority stake in Finnish mobile developer, Supercell.
Tencent acquired an additional 44,000 shares in the consortium via a $40M convertible bond, according to a filing to the Hong Kong Stock Exchange (via CX Tech), thus increasing its stake from 50% to 51.2%. The consortium was founded in June 2016 as a Luxembourg Société Anonyme solely to acquire Supercell, and it indirectly holds an 81.4% stake in the developer. According to the filing, the consortium is now a subsidiary of Tencent.
Supercell is the developer behind such games as Clash Royale and Clash of Clans, and currently supports three separate mobile esports titles. The $1M USD Clash of Clans World Championship will take place this weekend at ESL One Hamburg, next month’s $250K Brawl Stars World Championship will take place in South Korea, and the Clash Royale League World Final is also expected to take place before the end of the year.
In addition to its own games, including Chinese mobile hit Honor of Kings, Tencent wholly owns Riot Games (League of Legends) and has a 40% stake in Epic Games (Fortnite), along with smaller stakes in publishers such as Ubisoft and Activision Blizzard.
Credit: Source link