"Clash of Clans" Credit: SupercellTopline: Chinese internet giant Tencent added to its massive gaming portfolio this week by attaining majority control over Helsinki-based Supercell, the studio behind Clash of Clans and Clash Royale. In June 2016, a Luxembourg consortium, which included Tencent, acquired an 81.4% interest in Supercell at a valuation of $10.2 billion. consortium, which included Tencent, acquired an 81.4% interest in Supercell at a valuation of $10.2 billion. Tencent this week increased its stake in the consortium from 50% to 51.2%, spending $40 million for the additional shares. Further Reading: Tencent entirely owns League of Legends-creator Riot Games, which recently announced its first new games in a decade.

Source: Forbes October 23, 2019 19:30 UTC