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Congrats to DC! – Mixi invested 140 million yen, or approx. $1.5M, in Pikkle under the mobile application developer program [JPN]
It was announced that the mixi of social networking service (SNS) country the biggest business had been invested in the venture and Pikkle that developed “Social application” of the game etc. that were able to play in SNS on October 15. The acquisition price is about 139.99 million yen. Mixi starts up “Mixi application program” of the new service that collected social application programs in SNS in August, and the investment in Pikkle becomes the part of this business expansion.
Pikkle is established in 2005. “Flash” It works on the development of the application program that uses the technology and uses animation for the cellular phone, and the delivery of the game is started by the mixi application program in August, 2009.
The allocation of new shares to a third party of Pikkle would be undertaken October 15, and 385 stocks that corresponded to 20% of this company outstanding shares were acquired. The capital of Pikkle has expanded from 77.5 million yen to 147.49 million yen by the capital increase.
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!