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.