Softbank invests over $1 billion in Finnish game developer Supercell

The company will use the new resources to expand its global reach

Japanese carrier SoftBank and gaming company GungHo Online Entertainment are investing US$1.5 billion for a 51 percent stake in Finnish game developer Softcell, highlighting how hot this sector has become.

This influx of cash will help Supercell become a global game company, CEO Ilkka Paananen said in a blog post Tuesday.

The combination of tablets, mobile and the free-to-play business model has created a new market for games that will be accessible to billions of people -- more than ever before in the history of games, according to Paananen.

Supercell has been a success since it first started developing games for tablets in 2011, with the development of "Clash of Titans" and "Hay Day," which are both among the top grossing iOS games.

SoftBank will invest 80 percent of the $1.5 billion and GungHo, which SoftBank owns a controlling stake in, will pay the rest. But even with this change of ownership, Supercell will still very much remain a Finnish company.

Paananen wrote: "I think more and more people in this country are realizing that there is life after Nokia!"

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags Supercellbusiness issuesmobile applicationsMobile gamesgamesmobileinvestmentsSoftbank

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?