SoftBank to Pay $1.5 Billion for Supercell Majority Stake

HELSINKI — Japanese telecom and investment group SoftBank Corp. will team up with the Japanese game developer GungHo OnLine Entertainment to buy 51% of the Finnish mobile-game developer Supercell Oy in a $1.5 billion transaction. The deal values the ultra-profitable Finnish startup — which has only a handful of games and is only a few years old — at $3 billion.

The transaction creates a tight alliance between two leading mobile-game developers in the world with the goal of creating “a truly global games company,” Ilkka Paananen, chief executive and co-founder of Supercell, said in an interview. He noted that Supercell — popular for its strategy game Clash of Clans and farm-simulation title Hay Day — doesn’t want to be a hit only in North America and Europe.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »