Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Represents Tencent in $8.6 Billion Acquisition

June 21, 2016

SILICON VALLEYCovington advised Tencent Holdings Limited, a leading provider of internet service in China, in connection with its acquisition of a majority stake in Supercell from SoftBank. A consortium established by Tencent will acquire up to 84% of Supercell for $8.6 billion in a transaction valuing Supercell at approximately $10.2 billion.

Supercell is a private company incorporated in Finland and is a developer of games for both tablets and smartphones. Since its founding in 2010, Supercell has brought four major games to market - Clash of Clans, Clash Royale, Boom Beach and Hay Day.

This deal provides Tencent with an ever-stronger presence in mobile gaming and adds to its already robust mobile portfolio, which includes the top smartphone app in China.

The Covington corporate team included partner Scott Anthony and associates Bradley Chernin, Kate Withers, Dominique Perez, Jonathan Browalski, Laura Torre and Gustavo Akkerman. Advice was also provided by partner Keir Gumbs and associate Norman Greenberg (securities); partner Peter Schwartz (financing); of counsel Stuart Irvin and associate Steven Mossey (technology transactions); partners Winslow Taub and Andrea Reister and of counsel Marie Lavalleye (intellectual property); partner Robert Heller (tax); special counsel Damara Chambers (export controls); partners Michael Francese and Chris Bracebridge, of counsel Grace Chen and Michael Cole, and associates Brady McDaniel and Hannah Edmonds (employment); partner Kurt Wimmer, special counsel Mark Young, and associates Philippe Bradley-Schmieg, David Bender, and Ani Gevorkian (privacy); partner James O’Connell and associate Brian Castello (competition); and of counsel Heather Haberl and associate Alexander Kaplan (real estate). 


Share this article: