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Tencent deal sees Supercell-funded charitable foundation raise $225 million

Tencent deal sees Supercell-funded charitable foundation raise $225 million

It would appear that Tencent's acquisition of SoftBank - and others' - shares in Supercell has resulted in a windfall for a Supercell-backed charity. 

According to Talouselämä (run through Google Translate), Supercell founders Ilkka PaananenMikko Kodisoja  and Lassi Leppinen helped set up the Me Foundation in 2015, funding it with Supercell shares.

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When Tencent bought SoftBank's shares in Supercell, it also offered to buy additional shares, allowing Paananen and Kodisoja to convert the Me Foundation's shares into €200 million.

The Me Foundation was set up to diminish social equality and the exclusion of children, youths, and families in Finland, by supporting ventures that increase equality in Finland.

The sale does not affect Paananen or Kodisoja's positions at Supercell, who will remain at the company with their own shares intact.


Deputy Editor

Ric has written for PocketGamer.biz for as long as he can remember, and is now Deputy Editor. He likes trains.

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