Tencent reportedly nears deal to buy majority stake in Supercell

June 16, 2016 12:30 AM

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Tencent reportedly nears deal to buy majority stake in Supercell

(Reuters) — Tencent Holdings Ltd, China’s biggest social network and online entertainment firm, is nearing a deal to buy a majority stake in Supercell Oy, which will value the mobile game maker at more than $9 billion, a source familiar with the matter said.

Tencent plans to buy the stake in Supercell, the Finnish company behind the mobile game ‘Clash of Clans’, from Japan’s SoftBank Group Corp.

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