Video games: SoftBank to sell GungHo Online Entertainment shares?

by bold-lichterman

New asset disposal for SoftBank? According to Wall Street Journal, the Japanese group specializing in Internet services could sell most of the shares it holds in GungHo Online Entertainment, in a transaction that would approach $ 685 million. This Japanese publisher of video games for mobile, tablet and console is notably at the origin of the title “Puzzle and Dragons”. Listed on the stock exchange, GungHo recorded sales of over 154 billion yen (over 1 billion euros) last year.

This information comes as the business daily mentioned a few days ago discussions between SoftBank and Tencent, the Chinese group that publishes WeChat, one of the main instant messaging applications in Asia with more than 760 million users. In question: a potential sale of Supercell, the Finnish company which develops the famous “Clash of Clans”, of which SoftBank has held more than 73% of the capital since last year. The company has something to seduce, in particular thanks to a turnover of 2.1 billion euros achieved last year and an EBITDA of 848 million euros.

More generally, it seems that SoftBank is engaged in a movement of large operations. Masayoshi Son’s firm recently announced plans to sell $ 7.9 billion in shares it owns in Chinese e-commerce giant Alibaba. Holdings that it has had for years. At the end of this transaction, SoftBank must however retain a leading position within the group by retaining around 28% of the capital.