Another big move for Softbank into the gaming world, and a massive investment for Finnish gaming juggernaut Supercell: the company is selling a 51% stake for $1.53 billion to Japan's SoftBank and games developer GungHo OnLine Entertainment. This strategic investment, which makes Supercell a subsidiary of Softbank, will be used to fuel Supercell's global expansion. It effectively represents a quadrupled valuation for 100-employee Supercell to over $3 billion in the last seven months -- bigger than that of publicly-traded social gaming giant Zynga at $2.86 billion.Source: http://feedproxy.google.com/~r/Techcrunch/~3/7T57mhz2QZM/
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