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GungHo sells Supercell stake

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By GungHoAdmin on August 21, 2014

Parent company SoftBank takes over as Puzzle & Dragons outfit focuses on emerging markets

Japanese developer GungHo Entertainment has sold its stake in Supercell to its own parent company, SoftBank. The Puzzle & Dragons company said it was selling its share of the Finnish studio because it wanted to focus more on emerging markets, specifying China, Southeast Asia, and South America.

GungHo became a part-owner of Supercell last October when it and SoftBank combined to pay $1.5 billion for a 51 percent stake in the Clash of Clans developer. As reported by analyst Serkan Toto, GungHo's contribution at the time was $306 million. It will reap $344 million from this deal.

READ MORE: http://www.gamesindustry.biz/articles/2014-08-21-gungho-sells-supercell-stake

 

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