China's AVIC, CITIC, others inject $850 million to fund Tencent's Supercell purchase
Tencent Holdings Ltd said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital.
Tencent, China's biggest gaming group agreed in June to buy the 'Clash of the Clans' mobile game maker from Japan's Softbank Group Corp for about $8.6 billion but had flagged it would form a consortium with co-investors.
After the share sale, co-investors, which also include China CITIC Bank Corp and bad debt manager China Cinda Asset Management, will own 50 percent of the... read more
- 12:51 Man appeals decision on stopped benefits
- 12:51 Big Ben's bongs fall silent for up to FOUR years during renovation...
- 12:51 Weekend football round-up
- 12:51 Amazing road to success
- 12:51 If you use your phone as a sat nav, this is what you need to know
- 12:51 Let there be light!
- 12:51 These photos will make all your solar eclipse fomo disappear
- 12:51 Why row over cladding scuppers designerwear shop's revamp
- 12:51 Woman punches herself in the face after ‘being possessed’ during...
- 12:51 'Safer' Down's syndrome test to be introduced in Wales
- 12:49 Anger as Kesteven Way and Richmond Lane in Kingswood suddenly close...
- 12:49 Urgent appeal to find missing Hull man Simon Hutchings
- 12:47 Walmley victory helps Leamington take big step to avoiding relegation
- 12:47 'The last ten minutes was men against boys' says Holleran after...
- 12:47 Doughnut snack packs are Australia’s latest disgusting...
- 12:47 Husband heard his wife being cut in half in a lift moments after...
- 12:47 Cyclist left critically injured in Conwy crash
- 12:46 Tottenham star Harry Kane backs calls for transfer window to shut...
- 12:46 Manchester United are rampant again and everyone hates it
- 12:45 How can I watch the 2017 solar eclipse and when is the next big...
- 12:45 Police release CCTV still of man who holds vital information about...
- 12:45 Game of Thrones season 7, episode 6: Will Jon Snow and Daenerys...
- 12:44 Brave Beth on an Icelandic mission for hospice funds
- 12:43 Sausages and ham from leading supermarket 'may cause hepatitis E'
- 12:42 See all the best pictures from V Festival 2017 at Weston Park,...
- 12:41 Woman dead after van rams into bus stops in Marseille
- 12:41 North Korea opens border dam without warning sending water...
- 12:41 Carabao Cup draw scheduled for 4.15am
- 12:39 Firefighter feast of fun for all the family
- 12:39 Arson probe after blaze at Scruples