As Candy Crush and Kim Kardashian have taught us, there's a lot of money in cheesy mobile games. Tencent has reinforced that notion with a deal to buy Clash of Clans maker Supercell that values it up to $9 billion, according to the WSJ. The Chinese company is acquiring Softbank's 73 percent share of the Finnish game maker, which grossed $1.35 billion in 2015. The exact purchase price wasn't disclosed, but to pay for it, Tencent partnered with other companies and is raising additional debt.
Source: WSJ
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