Supercell takeover propels Tencent into entertainment super league

Chinese internet giant now forecast to seize 13 per cent of the US$99.6-billion global games market this year

Entertainers perform underneath a Tencent logo at the Global Mobile Internet Conference in Beijing in 2014. Photo: Kim Kyung-Hoon, Reuters

Tencent Holdings has taken a major step towards becoming a global entertainment powerhouse, after its blockbuster acquisition of Finnish mobile game developer Supercell, analysts say.

The Shenzhen-based internet giant said on Tuesday it had agreed to lead a consortium to buy up to 84.3 per cent of Supercell, for US$8.6 billion.

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