Digital Olympus Comments on Softbank's 1.5 Billion Stake in Finnish Mobile Games Maker Supercell

Business news blog has commented on recent news story concerning SoftBank Corp’s offer of 150 billion yen ($1.53 billion) for a 51 percent stake in Finnish mobile game producer Supercell.


Miami, FL -- (SBWIRE) -- 12/04/2013 -- On October 16, business news blog comments on recent news story by Sophie Knight, Ritsuko Ando and Malathi Nayak published on October 16 on regarding Japanese tech and telecoms group SoftBank Corp which has resolved to pay 150 billion yen ($1.53 billion) for a 51 percent stake in Finnish mobile game producer Supercell.

According to the news story, Supercell is the maker of hit games like "Clash of Clans" and "Hay Day." Softbank's proposal to obtain a leading position in the fast-growing mobile games sector place 3-year-old Supercell with around 100 workers and just two free-to-play games, more valuable than Zynga Inc., the $2.8 billion firm behind former hits like "FarmVille."

“The move by SoftBank Corp to acquire 51 percent stake in Supercell can give the firm its much needed breakthrough in the gaming sector,” says a spokesperson. “It’s advisable for firms that intends to venture into new sectors via acquisition to consult firms that specialize in due diligence to enable them take the right step.”

The news article further indicates that twenty percent of Softbank's spending will be from its mobile games producing arm, GungHo Online Entertainment Inc., which can boast of a market capitalization of about $8.3 billion.

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