Amidst rumors of a buyout, Supercell's CEO has vowed the company won't go public.
Clash of Clans and Hay Day, two of Supercell's successes are products of creativity from limited number of people and he prefers it remains that way, Ilkka Paananen, one of the founders of the company, said. He was speaking on the sidelines of World Entrepreneur of the Year Awards in Monaco. His company, he said, gives its developers the freedom to fail and act as entrepreneurs.
"We have no management here and the teams are small, sometimes just two people. I don't know what many teams are working on. We allow our developers to be entrepreneurs," he told The Telegraph.
Reports emerged last week suggesting Tencent, the Chinese media company, has plans to acquire Supercell at $ 9 billion. The company's evaluation at that amount is a huge jump from its last year's valuation of $ 550 million. When asked about it, Paananen refused to comment on the rumors and said he does not think about valuations.
Supercell meanwhile released a new update to Clash of Clans featuring friendly challenges. Gamers can practice attacks on other clan members and develop strategies. This would cost a gamer nothing but one does not gain anything in the process either.
New reports suggest gamers can play Friendly Challenge even during downtime. In other CoC related news, Supercell has reportedly started permanently banning cheaters and iPhone users are not happy with new updates bringing a flurry of notifications.
