Tencent form consortium to complete Supercell takeover

Consortium brings together $850 million to complete $8.6 million deal
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A consortium formed by Chinese internet giant Tencent has managed to bring together $850 million with the aim of helping Tencent complete its acquisition of Supercell, a deal estimated to cost the company $8.6 billion dollars.

Tencent's acquisition of the Clash Royale developers has been all over the games press for the last couple of months, especially with the recent news that Tencent would have to loan or borrow the money to complete the transaction. Which will see them snag 76.9 percent of the developers.

The key part of this deal is that the consortium investors, including Chinese investment companies CITIC Capital, Hundreds Capital and AVIC capital, will see the co-investors granted a 50 per cent stake in the consortium, meaning Supercell will not be a wholly-owned Tencent subsidiary.

This share is less than the 84.3 per cent stake originally agreed upon back in June, but will still see them taking an initial 73.2 majority stake in the Finnish studio from Japanese company SoftBank, before turning its eyes to Supercell employees to try and get hold of the rest.

It's unlikely this'll change much, either for Supercell or their games Clash of Clans and Clash Royale. Tencent also own a controlling stake in Riot Games and invest in several others game companies, including Activision Blizzard and Epic Games.

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