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Chinese investors raise $850 million to fund Tencent's Supercell acquisition

Chinese investors raise $850 million to fund Tencent's Supercell acquisition

A consortium of companies has raised $850 million to support Tencent’s $8.6 billion acquisition of Clash Royaledeveloper Supercell.

The group of co-investors includes Chinese state-owned investment companies AVIC Capital and CITIC Capital MB, as well as Greater Global Investments Limited, SinoRock Star II Limited and SPDBI Royale.

Cash Royale

The consortium will indirectly hold a stake of 76.9% in the Finnish developer. Tencent plans to acquire 84.3% of Supercell in total.

The purchase is expected to be completed on October 27th.

The move follows the news that Tencent has taken out $3.5 billion in loans to fund the acquisition. The firm is thought to have commitments from 23 banks to make up the money for the deal.


Senior Editor

Craig Chapple is Senior Editor of PocketGamer.biz and InfluencerUpdate.biz. He was previously Deputy Editor at Develop and Online Editor at Nintendo of Europe.

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