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Softbank Considers Selling Stake in Supercell at More than $5 Billion

cindyhio

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According to a report at Bloomberg, Softbank may consider selling stake in the Finnish gaming company Supercell, the developer behind the hit mobile games Clash of Clans, Boom Beach and the recent money-making machine - Clash Royale. According to the insiders, the potential strategic buyers are based in China, with a whole value at more than $5 billion. However, this negotiation is still at very early stage and SoftBank staff declined to comment.

SoftBank bought a majority of Supercell's stake in 2013 for $1.5 billion and then it increased its stake to 73 percent in May last year. The rest of the company is owned by Supercell’s management and employees.

Though Clash of Clans is very popular in many countries, it found some difficulties entering into Softbank's home country - Japan. Buddy Marini, the head of Supercell’s Japan operations, has called the country "the toughest market in the world."
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