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SoftBank and Tencent negotiations rumoured to value Supercell at $9 billion

So says the rumourmill
SoftBank and Tencent negotiations rumoured to value Supercell at $9 billion

Following the recent rumours about Tencent looking to buy Softbank's stake in Supercell, it's emerged discussions value the Finnish developer at $9 billion.

The deal was valuated higher than many expected; initially the talk was of a $5 billion valuation.

But given the success of Clash Royale and other rival valuations - a $9 billion value of Machine Zone was recently attempted - the total isn't ridiculous.

What goes up

SoftBank has been forced to sell of some of its prized assets due to its more than $100 billion debt mountain and ongoing troubles with is ownership of US network Sprint.

In addition to Supercell, it's also selling a $10 billion stake in Alibaba and $685 million of its GungHo Online shares.

[source: Bloomberg]