Clash of Clans Sells 51% for $1.5 Billion to GungoHo and Softbank
Indeed, the top grossing app of all time (on iOS) has sold 51% of their company to Gunho and Softbank. GungHo was responbile for 20% of the purchase, while software represented the rest. Clash of Clans seized the number one spot for Top Grossing Apps on the App Store, followed by noneother than Candy Crush Saga, Hay Day, Puzzle & Dragons, and Pet Rescue Saga. This makes two games in the top five for both King and Supercell. Distimo reports that the market share distribution did not change compared to August, and that Apple’s App Store still commands 65% of market compared to Google Play’s 35%. Since it was recently reported that Puzzle’s and Dragons rakes in $9 million a day, and Gree has acquired 20% of Cash of Clans which made $97 million in the past 3-months, I realize that this will have GungHo banking over $10 million a day a result of this new investment. Wow. That’s all I can...
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