HELSINKI (AP) — The 'Clash of Clans' mobile game maker Supercell is selling a 51 percent stake to Japan's SoftBank and GungHo in a 1.5 billion deal.
CEO Ilkka Paananen says the partnership will speed Supercell's goal of becoming the "first truly global games company," and help it to deliver games to hundreds of millions of new consumers.
Paananen said on the company's web site Tuesday that Supercell's head office will remain in Finland.
Telecommunications and Internet company SoftBank Corp. paid 80 percent of the investment with GungHo Online Entertainment, which has worked before with Supercell, providing the rest.
Supercell, which started developing games for tablets in 2011, has produced more than 165 games on 12 different platforms. It is also known for the popular 'Hay Day' game.
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If the fee was enacted as planned in the New Starts application, the expected $555 million in revenue would almost double the amount of taxes and fees motorists currently pay to the state through gas taxes
Ronald Nored, guard for the Butler University basketball teams that went to back-to-back Final Fours in the NCAA Tournament, has already landed his first coaching gig. The former Bulldog will lead the Brownsburg High School Bulldogs.
The university announced Blue III, also known as Trip, on Thursday. He was born Dec. 23 in Indiana. The university's current live mascot, Blue II, remains with the school.