Tencent Nears Multi-Billion Dollar Deal For Stake In Mobile Game Maker

June 15, 2016, 7:24 PM UTC
Tencent Holdings Ltd. Chairman And Chief Executive Officer Ma Huateng Attends Annual Earnings Conference
Photograph by Xaume Olleros—Bloomberg via Getty Images

(Reuters) – Tencent, China’s biggest social network and online entertainment firm, is nearing a deal to buy a majority stake in Supercell Oy, which will value the mobile game maker at more than $9 billion, a source familiar with the matter said.

Tencent plans to buy the stake in Supercell, the Finnish company behind the mobile game ‘Clash of Clans‘, from SoftBank Group Corp.

The Wall Street Journal first reported the deal on Wednesday.