Covington & Burling and Slaughter and May are advising Chinese technology company Tencent Holdings on the $8.6bn (£5.9bn) acquisition of a majority stake in the Finnish game developer behind the Clash of Clans mobile game.
Shenzhen-based Tencent is leading a consortium to buy an 84% stake in Clash of Clans developer Supercell Oy from Japan’s SoftBank Group and the gamemaker’s employees. The deal, Tencent’s largest ever acquisition, values Supercell at $10.2bn (£6.9bn).
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