Check us out at www.twinstalkstocks.com
Please subscribe at http://bit.ly/TwinsTalkStocks
Tencent (TCEHY), a Chinese company, is close to buying Softbank’s 73% majority stake in Supercell at a $9 billion valuation.
When Softbank (SFTBY), a Japanese company, bought its stake in Supercell, a Finish company, it agreed to keep the headquarters in Finland.
Supercell was formed in 2010.
Its first hit came 4 years ago in June 2012 . . . HayDay
Its flagship product, Clash of Clans, came 2 months later in August 2012.
Boom Beach came out March 2014.
Clash Royale came out this year.
Clash of Clans was the #1 grossing app in 2015.
It made $1.5 million a day in 2015.
It has only 190 employees.
King Digital, which Activision (ATVI) bought in February 2016 for $5.9 billion, has 1,400 employees.
Supercell has offices in 5 countries.
It updates their games to keep them fresh and addictive.
They plan to hold an eSports event in Shanghai in July.
Thanks for watching our video.
Please “like” our video.
Please subscribe to our channel.
And be sure to check out our website.