Tencent presses play for $3.5bn Supercell facility

Supercell Clash Royale game 230px
By GlobalCapital
14 Jul 2016

Tencent is sounding out banks for yet another multibillion dollar borrowing, this time to back its acquisition of mobile game maker Supercell. The Chinese technology company is used to getting an easy ride in the loan market, where it has raised $6.89bn since December. But the structure for the latest deal means it will have to pay up to lure banks, writes Shruti Chaturvedi.

Tencent has returned barely two months after signing a $4.44bn borrowing. This time around, the tech major is seeking funds for its purchase of an up to 84% stake in the Helsinki-based mobile game developer Supercell.

Supercell is valued at $10.2bn, according to a release on June 21. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial