Global Digital Entertainment Shuffle: Tencent Acquires Supercell for $8.6 Billion

In June 2016, Chinese tech giant Tencent announced the acquisition of a majority stake in Finnish mobile game developer Supercell for approximately $8.6 billion. Supercell was the creator of global hits like Clash of Clans and Clash Royale.

This deal was one of the largest mobile gaming acquisitions in history at the time, underscoring the enormous confidence of world-renowned financial consortiums and investment firms in the future industry of global mobile entertainment and social networking. Through this acquisition, Tencent solidified its position as the world's largest gaming publisher and gained a critical foothold in Western markets.