Tencent Buys Supercell for Expansion and Synergies

June 21st, 2016 Posted by Capital Markets, China Business Development, M&A No Comment yet

Tencent’s biggest M&A deal ever sees it acquiring Finland’s Supercell for $8.6 billion. Shenzhen-based Tencent gains access to the lucrative mobile game franchise “Clash of Clans” which it can monetize via its 762 million WeChat messaging platform users. With the majority of its $15 billion in revenue derived from China, Tencent becomes the world’s #1 game publisher by revenue.

Read the Wall Street Journal article here.

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