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October 15, 2013 12:35 pm GMT
A big move for Softbank into the gaming world, and a big investment for Finnish gaming juggernaut Supercell. The company is selling a 51% stake for $1.5 billion to Japan’s SoftBank and GungHo OnLine Entertainment, a games developer. GungHo and Supercell have a pre-existing relationship announced earlier this year for in-game collaboration. Softbank has been a major investor not just in mobile networks as a carrier, but also as a investor in services to run across those networks. The 51% stake and value of it was first reported by the WSJ. Index Ventures confirmed the investment to me but not the specifics of the share. Developing. Refresh for updates.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7T57mhz2QZM/
Softbank Teams Up With GungHo OnLine To Buy 51% of Gaming Giant Supercell For $1.5B
A big move for Softbank into the gaming world, and a big investment for Finnish gaming juggernaut Supercell. The company is selling a 51% stake for $1.5 billion to Japan’s SoftBank and GungHo OnLine Entertainment, a games developer. GungHo and Supercell have a pre-existing relationship announced earlier this year for in-game collaboration. Softbank has been a major investor not just in mobile networks as a carrier, but also as a investor in services to run across those networks. The 51% stake and value of it was first reported by the WSJ. Index Ventures confirmed the investment to me but not the specifics of the share. Developing. Refresh for updates.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7T57mhz2QZM/
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