Hey Gamers, Meet Tencent, Your New Chinese Overlord After Supercell Acquisition
When Tencent Holdings finalized its 8.6 billion acquisition of "Clash of Clans" developer Supercell from Japan's Softbank on Tuesday, it was just the latest strategic move from what is rapidly becoming one of the biggest power players in the global video game industry. In fact, most of your favorite games are connected in some way to the Chinese internet giant -- whether you know it or not. When people think of smartphone games, in addition to "Clash of Clans," titles such as "Candy Crush," or maybe "Kim Kardashian Hollywood," come to mind. Supercell has also developed "Clash Royale," "Boom Beach" and "Hay Day." It turns out Tencent has invested in all of those companies, developing games that are being played every day.
Jun-21-2016, 18:45:14 GMT
- Industry:
- Information Technology (1.00)
- Leisure & Entertainment > Games
- Computer Games (1.00)
- Technology:
- Information Technology > Artificial Intelligence > Games (0.38)