June 17, 2016 0 Comments
Tencent, China’s largest internet service portal, is about to close a deal to acquire a majority stake in Supercell Oy, the Finland-based startup that created the popular game Clash of Clans. Tencent is currently in discussion with SoftBank of Japan, which owns 73.2% controlling stake in Supercell. Other financiers, including Hillhouse Capital Group of Beijing, will be part of the deal as co-investors. According to sources, Softbank has been planning to sell its stake in Supercell to reduce its mounting debt caused after its failure to turnaround Sprint, the US telecom company it acquired back in 2013. The acquisition will allow Tencent to cash-in on the lucrative world of mobile gaming.
June 15, 2016 0 Comments
In the largest acquisition in its history, Microsoft bought LinkedIn for a massive $26.2 billion. The deal is said to be Satya Nadela’s latest effort to rev up Microsoft’s software offerings and part of his bold ambition to reinvent productivity and business processes. It is said that the deal will combine LinkedIn’s networks with Microsoft’s business software ecosystem. The result will be a comprehensive suite of business solutions that is designed to empower LinkedIn users. According to Gartner Research, the deal will also help Microsoft move into the market for human management solutions, citing its access to LinkedIn’s user-maintained company and employee data.
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