SoftBank buys $1.5 billion stake in Finnish mobile games maker Supercell

By Sophie Knight, Ritsuko Ando and Malathi Nayak TOKYO/HELSINKI/SAN FRANCISCO (Reuters) - Japanese tech and telecoms group SoftBank Corp is paying 150 billion yen ($1.53 billion) for a 51 percent stake in Finnish mobile game maker Supercell, valuing the small maker of hit games "Clash of Clans" and "Hay Day" at $3 billion. Softbank's bid to claim a leading role in the fast-growing mobile games market makes 3-year-old Supercell, with about 100 employees and just two free-to-play games, more valuable than Zynga Inc, the $2.8 billion company behind former hits such as "FarmVille. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/softbank-buys-1-5-billion-stake-finnish-mobile-142458866--sector.html