Puzzle & Dragons developer sells its stake in Clash of Clans maker Supercell for $344M

Megapopular mobile strategy game Clash of Clans isn’t just making money for its developer, Supercell. It also just helped Puzzle & Dragons studio GungHo Online Entertainment generate a significant profit.

GungHo just sold its stake in Supercell for $344 million, according to consultant Serkan Toto of Kantan Games. SoftBank, GungHo’s parent company, purchased the Puzzle & Dragons maker’s ownership in Supercell. This gives SoftBank, which already owned a significant portion of Supercell, control of 51 percent of the studio. This deal also gives GungHo a $38 million profit on its initial investment in the Clash of Clans company. Following SoftBank’s purchase, Supercell is now valued at $3.4 billion.