SoftBank Purchase Finnish Game Maker Supercell for $1.53 Billion
Early this year Japanese telecommunications giant SoftBank made the news when it purchased most of Sprint for $21.6 billion. However, the company hasn’t finished with acquisitions, it has now partnered with its subsidiary GungHo Online Entertainment to purchase 51% of a Finnish mobile game maker, Supercell Oy, for $1.53 billion.
Supercell will continue to operate alone, however, it will now be able to use SoftBank’s strategic resources and become an official subsidiary. The company is best known for its games such as Clash of Clans and Hay Day.
In a statement SoftBank said, “From February 2013 to August 2013, Supercell was the number one publisher in the world among the apps in the games category of the App Store.
This new strategic partnership with SoftBank and GungHo will help accelerate Supercell’s goal of becoming the ‘first truly global games company.’”
The purchase takes SoftBank one step closer to achieving its goal of becoming the number one mobile internet company. The company described Supercell as a “rare and special company” and the investment is sure to help Supercell penetrate the Asian markets.