Tencent, who has their hand in just about everything gaming related, raised $850 million from investors to purchase Supercell, in a $8.6 billion total acquisition for 84% shares. You might know Supercell from the mobile game Clash of Clans and its sequel Clash Royale as well as the spin-off Boom Beach. Tencent has been expanding their global reach in the mobile and gaming world, and this purchase is just the latest in a goal of what I can only assume is world domination.
Tencent is perhaps more well known for recently becoming the full-fledged owner of Riot Games. They held 22% stake in the League of Legends creator in 2008, working their way up to 93% in 2011. Finally, in December of last year, Riot sold them the remaining shares. Given that League is incredibly popular in China, and mobile games there as well, Tencent is setting themselves up quite nicely. They also acquired 12% of Activision Blizzard when the company split from their parent company Vivendi. With how well Warcraft did in China, we can see where this is going.
Here's a Look at Just Part of What Tencent Owns:
- Full owner of Riot Games
- Full owner of ZAM Network (Wowhead, LolKing)
- 40% stake in Epic Games (Gears of War, Unreal Engine)
- 12% stake in Activision Blizzard (Call of Duty, World of Warcraft)
- 28% stake in CJ Games
- 14.6% stake in Glu Mobile (Kim Kardashian: Hollywood)
- Minority stake in Pocket Gems
- Minority stake in Robot Entertainment (Orcs Must Die!)
That's not to mention their many Chinese investments along with mobile games and messenger services. They seem to be slowly dipping their fingers into everything gaming related, one acquisition at a time, and I can't help but wonder what else they have plans for.
At this rate, what do you think Tencent will buy next?