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SoftBank Corp and Gungho Online Entertainment Inc to Acquire Stake in Supercell Oy

Tuesday, 15 Oct 2013 05:15am EDT 

SoftBank Corp and Gungho Online Entertainment Inc announced that they will acquire 51% stake (21,157,874 shares) in Supercell Oy for USD 1,530 million between late October and early November 2013, through a special purpose company (SPC), which will be established in Finland. SoftBank will invest approximately USD 1,224 million (80% stake) into the SPC and Gungho will invest approximately USD 306 million (20% stake). The SPC will acquire stake in Supercell from 10 shareholders including Accel London Investments Sàrl, Mikko Kodisoja, Ilkka Paananen, Initial Capital LP and PromoTwo S.à.r.l. 

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4.0 +0.89%
24 Oct 2014