Another big move for Softbank into the gaming world, and a massive investment for Finnish gaming juggernaut Supercell: the company is selling a 51% stake for $1.53 billion to Japan’s SoftBank and games developer GungHo OnLine Entertainment. This strategic investment, which makes Supercell a subsidiary of Softbank, will be used to fuel Supercell’s global expansion. It effectively represents a quadrupled valuation for 100-employee Supercell to over $3 billion in the last seven months — bigger than that of publicly-traded social gaming giant Zynga at $2.86 billion. ...continue reading ...
TechCrunch 10/15/2013 [en]
memo
- SoftBank acquired GungHo back in May. With the acquisition, SoftBank subsidizes two of the most successful mobile game companies in the world. Telecommunication business is in fierce competition particularly in matured market. Integrating upper layers like mobile contents would become more important for telcos.
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