Supercell Looking To Sell 'Clash Of Clans' To Tencent? Figure Reaches $6.6B
If there is a mobile game that is making huge waves today, it is no other than "Clash of Clans" from Supercell. It is why Tencent Holdings Ltd. is so interested in buying a huge chunk of the studio's current stake. And if the deal pushes through, a figure as huge as $6.6 billion is at hand.
According to Reuters, the giant social network and entertainment company from China is looking to acquire a stake percentage of 73.2 from Supercell. The said percentage is valued at over $6.6 billion, giving the developers of "Clash of Clans" an offer they cannot simply refuse.
If the said deal happens, analysts believe that Tencent could do a fantastic job in leveraging the research and development capabilities of the mobile game. In fact, the revenue they can get from "Clash of Clans" is likely to be boosted.
The colossal company has been known to be a great investor in the gaming industry -- either through minority stakes or partnerships. Currently, Tencent owns Riot Game's "League of Legends" and even has a stake in "Call of Duty" publisher Activision.
The New York Times notes that the "Clash of Clans" deal is synonymous to China becoming a behemoth in digital gaming. In fact, the aforementioned company is just one of the many giants next to Baidu and Alibaba.
Tencent has a market value of nearly $211 billion. It controls the titular messaging service in the country called WeChat. But of course, it has a couple of online multiplayer games (all of which are hosted via its QQ portal) to add to its resume.
Buying "Clash of Clans" from Supercell will give Tencent a dominant presence in the mobile gaming market. After all, it currently has a huge following, especially with being the most downloaded game in Android and iOS.
Online gaming has since been Tencent's main source of cash. The company has reportedly earned 43 percent of its total revenue, followed by its scope in both gaming and advertising businesses.
Here Is Why 'Clash Of Clans' iOS Players Are Not Happy With Supercell
For iOS players, the new "Clash of Clans" update did not make them happy. They constantly receive notifications, resulting to their game being interrupted.
'Call Of Duty Black Ops 3' Expansion 'Black Market' Arrives, Features 4 Brand New Weapons
"Black Market" is not only add-on that has arrived to "Call of Duty: Black Ops 3" game. A total of 4 brand new weapons have also been introduced!
'GTA 5' Update: Online Mode Acquires Three New Maps, Playable Character And More!
Three new maps have arrived to "GTA 5" Online mode. Meanwhile, Rockstar Game's weekly sale period has already started.
Clash Of Clans Latest News: Supercell Changes Builder Hall 6 Update After Gamers Reacted To Demo Tests
Supercell has made some changes to its upcoming Clash of Clans Builder Hall 6 upgrade upon listening to the feedback of gamers after the demo tests.
Clash Of Clans Latest Update: New Features And Upgrades Coming To Builder Hall Level 6; Night Witch, Roaster Added
Builder Hall Level 6 will be upgraded and will have new features once the Clash of Clans latest update rolls out. Two new units, Night Witch and Roaster are also coming.
MORE IN ITECHPOST
Elon Musk’s Brain Microchip Neuralink Will Allegedly Cure Depression and Addiction
Elon Musk founded Neuralink in 2016, but what is the purpose of this brain-implanted computer chip? Musk has revealed additional details that you may find interesting.
Spotted in Deep Space: Never Before Seen Four Mystery Objects
A few mysterious objects that haven't been seen until now have recently been spotted in deep space thanks to massive radio telescopes.
A Leaker May Have Confirmed The Release Date Of 'Resident Evil Village'
A leaker who has been reliable in the past regarding Resident Evil may have revealed the release date of Resident Evil Village.