Monetization of Subsidiary (Supercell) Shares
Summary
SoftBank announces that its subsidiaries will sell their 72.2% stake in Supercell to Tencent for about $7.3 billion. Supercell is a mobile game developer, so the deal directly affects a software company in the games sector. The transaction is expected to close in stages, with the share transfer planned for August 5, 2016. After closing, Supercell will no longer be consolidated into SoftBank’s financial results. The deal highlights Tencent’s continued expansion in gaming and Supercell’s continued independence under a new owner.
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Fintech & Banking
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Collaboration & Communication
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Cloud Computing
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