Chinese gaming giant Tencent has announced they will be buying Swedish mobile games developer Supercell.
Current owners, the SoftBank Group, are reported to receive $8.6 billion (R126 billion) for the sale.
“Tencent will, over three installments, acquire about 84.3 percent of Supercell via a wholly owned consortium, including all of SoftBank’s 72.2 percent stake,” said Tencent.
“That consortium will then be open to unidentified co-investors, though Tencent expects to maintain a 50 percent voting interest.”
Supercell’s current management will keep their operational independence and the company will remain in Finland.
Supercell is best known for creating Clash of Clans and Clash Royale.
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Personally, all pay to win games should suffer a horrible death