From The Am Law Daily:
Japanese Internet and telecommunications group SoftBank Corp. has agreed to pay $1.5 billion to buy a majority stake in Finnish online gaming company Supercell.
SoftBank said Tuesday it is teaming with a Japanese game company it owns part of, GungHo Online, to acquire 51 percent of Supercell, which makes the online games Clash of Clans and Hay Day for smartphones and tablet computers. The deal’s terms call for GungHo to invest $300 million and SoftBank to put up the remaining $1.2 billion for the controlling interest in Supercell. The deal is expected to close no later than early November.
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