by Joshua Russo
Clash of Clans developer Supercell has been sold
The developer of the incredibly popular mobile game Clash of Clans, Supercell, has been sold to Tencent Holdings for $8.6 billion, according to a report by the Wall Street Journal. Supercell’s biggest mobile game is Clash of Clans, but they also developed other popular titles such as Boom Beach, Clash Royale, and Hay Day.
Tencent also has a controlling stake in Riot Games and their title League of Legends. Tencent purchased Riot Games five years ago for a comparatively measly $400 million.
Supercell CEO and founder Ilkka Paananen wrote a post on the company’s website titled “The Next Chapter“:
For us, today is all about chasing a future for Supercell that we have always dreamed of. We founded this company to make great games that people all over the world would play for decades. We have been very lucky as over the past six years we’ve released four top games that are now played by over 100 million people every single day (you may have seen our little celebration here). But more than this, we dream of our current and future games becoming a part of the rich history of games, living onto the very long term. And if you take this very long-term view, you quickly realize that we are still at the beginning of what will hopefully be a very long journey.
The acquisition is expected to take place in several increments, with the final and full purchase taking place in the third quarter later this fiscal year.