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Clash of Clans maker Supercell doubles profit

March 24, 2015 admin beach, existing-games, finnish, franchises, francisco-based, from-the-court, india, jussi-rosendahl, said-on-tuesday

By Jussi Rosendahl HELSINKI (Reuters) – Finnish mobile game maker Supercell tripled sales and doubled core profit last year on the back of hit titles Clash of Clans, Hay Day and Boom Beach, the company said on Tuesday. Chief Executive Ilkka Paananen said in the statement that the rapid growth was thanks to users’ increased play of the company’s existing games, which it updates regularly with extended story lines and features. Supercell has managed so far to avoid the fate of San Francisco-based Zynga and Finnish rival Rovio, which have both struggled to extend their franchises beyond initial hugely popular game titles

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Moneysupermarket.com founder to sell 6.4 percent stake in firm

March 24, 2015 publisher finnish, franchises, francisco-based, jussi-rosendahl, million-pounds, moneysupermarket, said-on-tuesday, simon, simon-nixon

The founder of financial services price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company’s issued share capital, reducing his stake to about 10 percent. The sale of around 35 million shares in a placing could earn Simon Nixon, who founded the company in 1993, about 100 million pounds ($148.74 million), based on Moneysupermarket’s closing share price of 286 pence on Tuesday.