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Report: Tencent's Supercell takeover valued at $9 billion

Report: Tencent's Supercell takeover valued at $9 billion
June 10, 2016 | By Chris Kerr

Last month Bloomberg reported that Chinese internet giant Tencent was the front runner to buy Clash of Clans developer, Supercell. 

Now, the news outlet has said sources "familiar with the matter" believe the deal may be valued at around $9 billion.

According to those unnamed sources, negotiations are still in their infancy, and any proposed deal could still fall apart. 

SoftBank initially shelled out $1.5 billion to acquire a majority stake in the Finnish studio back in October 2014, before upping its stake in Supercell to 73.2 percent - although the price of that later deal was never made public.

As for Tencent, a takeover would see the company build out its already impressive roster of subsidiaries, which includes League of Legends creator, Riot, and popular mobile messaging service, WeChat.

Recent rumblings from the Wall Street Journal have also indicated SoftBank is keen to get rid of its majority stake in Puzzle & Dragons developer, GungHo Online. 

The proposed buyer in that deal is none other than GungHo itself, with the Japanese studio keen to buy back its own shares for 294 yen ($2.74) each.

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