Chris Kerr, News EditorNovember 4, 20241 Min ReadImage via Space Ape GamesAt a GlanceSupercell owner Tencent has made a number of notable investments in recent years and continues to splash the cash.Supercell has acquired UK studio Space Ape Games after increasing its stake in the London outfit.As reported by GamesIndustry.biz, Supercell already owned a majority stake in the Beatstar and Transformers: Earth Wars developer.The Clash of Clans maker sunk $37 million into Space Ape Games in 2022, taking its stake in the studio to 75 percent. Prior to that, it invested $56.6 million into the studio.Supercell is owned by Tencent, which holds stakes in major companies such as Remedy, Techland, FromSoftware, and Epic Games. It wholly-owns other notable studios including Riot Games, Funcom, and Sumo Group.Supercell CEO Ilkka Paananen indicated the Space Ape acquisition will make the company more agile and efficient. "We believe the best teams create the best games, so we are really excited to find our place within London's incredibly talented games ecosystem by joining forces with Space Ape," he said."This move will bring in amazing new colleagues and make our games teams even stronger. With the best talent globally, we move faster on our mission of creating great games that as many people as possible play for years and that are remembered forever."Space Ape CEO John Earner indicated the move was a natural evolution of the existing partnership between both companies. "We've loved working closely with Supercell for many years, and this move is the next stage in that partnership," he said. "I am so proud of Space Ape's contribution to the gaming industry over the last twelve years. I am looking forward to this next step in our evolution as part of the Supercell team."Read more about:M&AAbout the AuthorChris KerrNews Editor, GameDeveloper.comGame Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, andPocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.See more from Chris KerrDaily news, dev blogs, and stories from Game Developer straight to your inboxStay UpdatedYou May Also Like