"Clash of Clans" is a 2012 freemium mobile MMO strategy video game developed and published by Supercell, a video game company based in Helsinki, Finland. (Photo : Facebook)
"Clash of Clans" developer Supercell recently received a major financial backing from Japanese telecom company SoftBank. The Japanese company is putting up a $1.5 billion investment in order to increase its ownership share up to 73.2 percent.
SoftBank publicized its recent stake with Finland based developer Supercell on Monday. SoftBank did not disclose the full details regarding the deal. According to CNet, SoftBank said that the company only purchased the shares owned by external investors and the remaining ownership is still retained by Supercell's employees and management.
Despite SoftBank's 73.2 ownership share, the Japanese company said that Supercell will still operate as an independent company and current Supercell CEO Ilkka Paananen will still hold the top executive spot in the company.
According to Reuters, Japan's current economic situation forced SoftBank to look for overseas investment.
Paananen recently said in an interview that Supercell generated $569 million in revenue in 2013 and the figure rose to $1.69 billion in 2014. Supercell added that the company's operating profit in 2014 alone was €515 million putting the company on top of other mobile game developer in terms of profit.
Supercell's revenue can be traced back to some of the games the company developed like "Hay Day" and "Boom Beach." However, the company's main source of revenue comes from "Clash of Clans."
Currently, "Clash of Clans" still sits at the top spot for the most downloaded mobile game in both the Android and iOS platform. First released in 2012, the game boast at least 29 million daily active users. It is this massive user base that makes Supercell one of the most sought after company when it comes to investing in the mobile gaming market.
