MoFo Advises SoftBank in $8.6B Supercell Oy Sale to Tencent

06/30/2016

Kenneth A. Siegel, Eric T. McCrath, and Lauren C. Bellerjeau

Mergers + Acquisitions

MoFo News Item

MoFo is advising longtime client SoftBank Corp., which is selling its controlling stake in Finnish gaming company Supercell Oy to Tencent Holdings Ltd for $8.6 billion.

SoftBank acquired a 51% stake in Supercell, creator of mobile games such as Clash of Clans and Hay Day, in 2013 and increased its stake last year to 75%. MoFo advised SoftBank in both of those past transactions, as well as numerous other major M&A transactions.

MoFo's deal team is being led by corporate partner Kenneth Siegel, along with San Francisco-based corporate partner Eric McCrath. Also advising SoftBank are Washington, D.C.-based corporate partner Lauren Bellerjeau, Tokyo corporate partner Ivan Smallwood, and antitrust partners Tom McQuail (Brussels) and Jeff Jaeckel (Washington, D.C.).

Read SoftBank's press release on the deal announced June 21.

Select media coverage:

  • Asian Legal Business: “W&C, MoFo, Covington, Slaughters on $8.6 bln Tencent-Supercell deal” (June 22, 2017)
  • The Wall Street Journal: “Tencent Seals Deal to Buy ‘Clash of Clans’ Developer Supercell for $8.6 Billion” (June 21, 2017)

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