Tencent, and Microsoft, think they can "reverse" into the so called social part of the internet, because they are crap at it. Surprise, you'll still suck at it post-acquisition.
No, Microsoftsoft haven't screwed up Mineraft yet, but give them time.
Supercell bought for $8.6bn
Chinese internet giant Tencent will buy games developer Supercell – best known for the Clash of Clans mobile game – for $8.6bn. Tencent will purchase [PDF] an 84 per cent stake in the game company, valuing the Finnish games company at $10.2bn: an eyebrow-raising figure. The deal is unusual, however, in that it will take place …
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Tuesday 21st June 2016 21:39 GMT Dadmin
I'm not going to say the B word (bubble), but that is some mighty high valuation for a company that makes free games. Are the revenues for the in-app purchasing adding greatly to the value? Very odd, and yet at the same time I'm glad I stopped playing Hay Day, now that a suspicious caretaker has swooped in to take over.
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Biting the hand that feeds IT
