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Tencent Eyes Overall Control of Supercell With Plan to Increase Voting Interest

By Simin Wen / Sep 24, 2019 05:29 PM / Business & Tech

Photo: VCG

Photo: VCG

Chinese tech giant Tencent is seeking to wrest overall control of Supercell by upping its equity voting interest in the mobile-game company from 50% to 51.2%, according to a Monday filing to the Hong Kong Stock Exchange.

The move would make Supercell a Tencent subsidiary with its financial results, assets and liabilities consolidated into the latter’s financial statements, the filing said.

Founded in 2010, Finland-based Supercell generally publishes free-to-play mobile games that earn money by selling premium add-ons to users. In 2016, Tencent acquired majority ownership of the company from Japanese conglomerate SoftBank Group in an $8.57 billion deal.

The tie-up gave Supercell access to the Tencent-backed social media apps WeChat and QQ, through which the Chinese company now distributes the bulk of its mobile games.

Related: Quick Take: Tencent, JJ Abrams in Gaming Partnership

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