The Wall Street Journal yesterday reported that China-based Tencent has purchased an 84.3% stake in the Finnish developer Supercell.
Supercell is the developer of Clash of Clans, a free-to-play mobile game that’s proving more popular than Candy Crush in its heyday.
Tencent has purchased the stake for a total of $8.6 billion USD, far more than the $5.9 billion USD Activision Blizzard spent on Candy Crush‘s King Digital Entertainment.
Supercell, also the developer of Clash Royale, made $779.1 million USD last year.
This article may contain affiliate links, meaning we could earn a small commission if you click-through and make a purchase. Stevivor is an independent outlet and our journalism is in no way influenced by any advertiser or commercial initiative.