Who Bought COC?
The global phenomenon, Clash of Clans, has been entertaining gamers since its inception in 2012. As one of the top-grossing mobile games of all time, many fans have been curious to know who acquired this extremely popular game. In 2016, a consortium led by Chinese conglomerate Tencent Holdings acquired a significant stake in the game’s developer, Supercell.
Who is Tencent?
Before we delve into the acquisition, it’s essential to understand who Tencent is. Tencent Holdings Ltd is a Chinese conglomerate that owns and operates several subsidiaries and brands, including WeChat, Riot Games, Epic Games, and Supercell. As one of the largest internet companies in the world, Tencent has significant stakes in the gaming and social media industries.
Supercell: A Small but Powerful Developer
Supercell is a Finnish mobile game development company known for creating some of the most successful mobile games of all time, including Clash of Clans and Hay Day. Founded in 2010, the company was relatively small when Tencent acquired a majority stake in 2016.
The Acquisition
In 2016, a consortium led by Tencent acquired 81.4% of Supercell‘s shares from SoftBank Group Corp, a Japanese technology conglomerate. At the time of the acquisition, Supercell’s total valuation was around $10.2 billion.
The Impact of the Acquisition
The acquisition has had a significant impact on Supercell’s growth and success. With Tencent’s backing, Supercell has been able to further invest in game development and expansion, resulting in continued success for both Clash of Clans and Hay Day. The acquisition has also given Supercell access to Tencent’s vast network and resources, allowing for global expansion and increased collaboration.
The Future of COC
As Clash of Clans continues to entertain millions of players worldwide, it’s clear that Tencent’s acquisition has had a significant impact on the game’s growth and success. With ongoing updates, expansions, and new content being added regularly, COC remains one of the most popular mobile games globally. As we look to the future, it will be exciting to see what Tencent and Supercell have in store for Clash of Clans and Hay Day.
Key Highlights:
• Acquisition: A consortium led by Tencent acquired 81.4% of Supercell’s shares in 2016.
• Valuation: Supercell’s total valuation at the time of acquisition was around $10.2 billion.
• Tencent: A Chinese conglomerate that owns WeChat, Riot Games, Epic Games, and Supercell, among others.
• Supercell: A Finnish mobile game development company known for creating Clash of Clans, Hay Day, and other successful games.
• Growth: Tencent’s acquisition has led to significant growth and success for both Clash of Clans and Hay Day.
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