As was rumored the other day, DeNA has made another purchase in the U.S. market grabbing Ngmoco for $400M http://bit.ly/aPOlaJ
Japanese mobile Internet company DeNA Co., intent on establishing a broad mobile games business in the U.S., has bought iPhone game developer Ngmoco Inc. for $300 million in cash, plus an additional $100 million if the company meets undisclosed financial targets before the end of 2011. Ngmoco, founded two years ago by former Electronic Arts Inc. executive Neil Young, develops mobile games, mostly for Apple Inc.’s iPhone, iPad and iPod Touch. Its titles include We Rule, GodFinger and Flick Fishing.
DeNA acquired Mountain View, Calif.-based mobile social gaming studio, Gameview, in September. And later last month, it invested in social game studio Astro Ape. Google reportedly invested in Ngmoco in August to get it to make Android games. Besides Kleiner Perkins, Ngmoco’s investors include Norwest Venture Partners, Institutional Venture Partners, and Maples Investments.