SoftBank Buys 51% in Finnish developer Supercell Oy for $1.53 billion to add games including “Clash of Clans” and “Hay Day.”

SoftBank Buys ‘Clash of Clans’ Developer Majority Stake

SoftBank Corp. (9984), Japan’s third-largest wireless carrier, bought a 51 percent stake in the Finnish developer Supercell Oy for $1.53 billion to add games including “Clash of Clans” and “Hay Day.” The deal values all of the game developer at $3 billion and will help accelerate global growth, Supercell Chief Executive Officer Ilkka Paananen said by phone today. SoftBank, led by billionaire President Masayoshi Son, is making deals in Europe and North America to tap growth amid a declining population at home. The company paid $21.6 billion for control of Sprint Corp. and invested $150 million in 2010 to acquire a minority stake in Zynga Game Network Inc.SoftBank, founded in 1981, owns stakes in more than 1,000 Internet operations including Yahoo Japan Corp. (4689), Alibaba Group Holding Ltd. and Ustream Inc., according to the company’s website.

The deal was reported earlier by Nikkei.

SoftBank will complete the deal in the next month, the company said in a statement to the Tokyo stock exchange

Tokyo-based SoftBank made GungHo Online Entertainment Inc., the maker of “Puzzle & Dragons”game, a unit in April.

Son is forecasting record domestic earnings this year as he accelerates the addition of new subscribers and the Sprint deal saves $2 billion annually by pooling purchases of handsets and network equipment.

SoftBank rose 0.1 percent to 7,240 yen today in Tokyo trading. The shares have more than doubled this year while Japan’s benchmark Topix index has added 39 percent.

To contact the reporters on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net; Takashi Amano in Tokyo at tamano6@bloomberg.net

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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