CITIC, AVIC consortium commits $850m to Tencent's Supercell acquisition

CITIC, AVIC consortium commits $850m to Tencent's Supercell acquisition

Tencent company name is displayed at a news conference in Hong Kong, China March 17, 2016. REUTERS/Bobby Yip

Tencent Holdings Ltd said a consortium formed to buy game developer Supercell has raised $850 million by selling new shares to investors including Chinese state-owned investment firms AVIC Capital and CITIC Capital.

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