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Tencent buys 84.3% stake in Clash of Clan’s Supercell for $8.6 million USD

23 Jun 2016
Steve Wright

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.

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Steve Wright

Steve's the owner and Editor-in-Chief of Stevivor.com, the country’s leading independent video games outlet. Steve arrived in Australia back in 2001 on what was meant to be a three-month working holiday before deciding to emigrate and, eventually, becoming a citizen.

Stevivor is a combination of ‘Steve’ and ‘Survivor’, which made more sense back in 2001 when Jeff Probst was up in Queensland. The site started as Steve’s travel blog before transitioning over into video games.

Aside from video games, Steve has interests in hockey and Star Trek, playing the former and helping to cover video games about the latter on TrekMovie.com. By day, Steve works as the communications manager of the peak body representing Victorians as they age.