Feeds

SoftBank and GungHo swallow half of Finnish mobile gaming firm

Clash of Clans creator partners with Japanese firms

Internet Security Threat Report 2014

Japan's SoftBank and GungHo Online Entertainment have teamed up to take a controlling stake in Finnish mobile gaming firm Supercell for $1.5bn.

The gaming company has just two titles at the moment – Clash of Clans and Hay Day – but like its fellow Finnish firm Rovio, its games have enjoyed huge popularity. Both are at the top of the iPad and iPhone charts and have earned the firm $106m in operating profit in the first quarter, according to the Financial Times.

Supercell's chief exec Ilkka Paananen broke the news of the partnership on the company's blog, saying that the investment from Japan would help the firm go international.

“The new partnership will accelerate Supercell towards our goal of being the first truly global games company, and gives us time to get there,” he said.

The investment is SoftBank's second into gaming this year. The bank upped its stake in GungHo (founded by Taizo Son, the younger brother of SoftBank founder Masayoshi Son) in March. Paananen said on the Supercell blog that the firm was, like SoftBank, on a "journey to shape the future of entertainment".

"In our quest to become the number one mobile internet company, we scour the globe in search of interesting opportunities and right now some of the most exciting companies and innovations are coming out of Finland," Paananen quoted Masayoshi Son as saying.

Like many mobile games, Clash of Clans and Hay Day are run on the freemium model, meaning they're free to download but players are urged to spend money on in-app purchases in order to win the game. ®

Intelligent flash storage arrays

More from The Register

next story
Chipmaker FTDI bricking counterfeit kit
USB-serial imitators whacked by driver update
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.