© Copyright – Establishingabroad.com
SoftBank and GungHo invest USD 1.5 billion in Supercell

SoftBank and GungHo invest USD 1.5 billion in Supercell

Publicerat av Cecilia Helland Friday, 18 October 2013.

Highly profitable Finnish mobile game company will continue to operate independently, based in Finland’s dynamic game development environment.

Japanese companies SoftBank and GungHo have announced a strategic investment of USD 1.53 billion in Supercell, a fast-growing Finnish mobile game company that was founded in 2010. Under the agreement, a special purpose company will be jointly established by SoftBank and GungHo in Finland, which will hold 51% of Supercell’s outstanding voting stock.

While leveraging SoftBank’s strategic resources, Supercell will continue to operate independently and continue its operations Finland, which has established an international reputation as an innovative hub of the game industry. According to SoftBank, the new strategic partnership will help accelerate Supercell’s goal of becoming the “first truly global games company”.

Most exciting companies and innovations

Following the announcement, Masayoshi Son, founder and CEO, SoftBank Corp., wrote in Supercell’s blog: “In our quest to become the #1 mobile Internet company, we scour the globe in search of interesting opportunities and right now some of the most exciting companies and innovations are coming out of Finland.  Supercell is one of those rare and special companies.”

Supercell’s two game apps, Clash of Clans and Hay Day, were launched in 2012. They reached the top position in the Top Grossing ranking of Apple’s App Store in 137 countries and 96 countries, respectively. From February 2013 to August 2013, Supercell was the leading publisher in the world among the apps in the Games category of the App Store. According to Financial Times, Supercell’s operating profit in the first quarter of this year was USD 106 million from USD 179 million of revenues.

Publicerat av

Cecilia Helland

finland

Time in Finland

FI - Time