Rumors are swirling around the Japan’s Softbank Group who is reportedly considering to sell its stake at Supercell for about $5 billion. Supercell has reached its career milestone after two of their games, Clash Royale and Clash of Clans, ranks 4 and 5 respectively on IOS in the United States.
According to a report from Bloomberg, Softback Group Corp. is considering a sale of its stake in Supercell Oy after receiving interest in the Finnish gaming company. Way back in 2013, Softbank bought a 51 percent stake in Helsinki-based Supercell for the amount of $1.5 billion. They decided to acquire an additional 22.7% holding by purchasing stock owned by existing external investors.
In the month of March, Supercell boasted that four of their games, including Hay Day, Clash of Clans, Boom Beach and Clash Royale, that are now released on the market had obtained more than 100 million daily active users. The company continues their success in spite of having only 180 employees so it is undeniable that its current value is high.
One of the factors on why Softbank is deciding to sell its stake at Supercell is mainly because of their failure to reciprocate the global popularity of Clash of Clans in Japan. The head of Supercell’s Japan operations Buddy Marini has called the country “the toughest market in the world.”
According to Eurotechnology Japan, the top grossing iOS and Android apps in Japan do not include any of the top four games of the Supercell. This might be the reason they are considering to sell their stake.
After the news spread about the sale of the company, Supercell has been reportedly discussing with potential buyers from China, but the process is still on hold until the Softbank officially confirmed the rumors.
However, with the Supercell’s continuing success, there is still a possibility that the Softbank Group Corp. change their mind and decide not to sell the company.
Photo courtesy: supercell.com