Bloomberg: SoftBank to sell Supercell for $9 billion

The share of Supercell shares owned by the Japanese company SoftBank was estimated at $9 billion. This is reported by Bloomberg with reference to “informed persons”.

Photo: Bloomberg 
Tencent acts as the buyer.

The Chinese company plans to acquire a controlling stake owned by SoftBank for $9 billion. This is 73% of the shares of the Finnish developer. SoftBank considered that “games are not a key part of the company’s business.” The sale of shares is part of a general plan, the purpose of which is to reorganize the portfolio and get rid of debts.

The deal is under discussion. There is still a possibility that it will not take place, or that the companies will agree on a different price.

Recall that SoftBank is selling assets, it became known at the end of May. Then The Wall Street Journal reported that Supercell is valued by SoftBank at $5 billion.

The debt of the Japanese telecommunications giant ranges from $80 to $100 billion, according to various estimates. Together with Supercell shares, the company is selling its stake in Alibaba worth $10 billion and a stake in GungHo Online with a total value of $685 million.

Source: Bloomberg

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