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October 13, 2010

DeNA Continues Buying Spree

As was rumored the other day, DeNA has made another purchase in the U.S. market grabbing Ngmoco for $400M http://bit.ly/aPOlaJ

http://articles.latimes.com/2010/oct/13/business/la-fi-ct-ngmoco-20101013
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.

http://venturebeat.com/2010/10/07/japans-dena-to-buy-iphone-game-publisher-ngmoco-for-more-than-400m-report/
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.

Related posts:

  1. Will DeNA Buy Ngmoco?
  2. Namco Bandai Does JV with DeNA
  3. DeNA Announces JV with NetDragon
  4. Ngmoco Prepares for Mobage Launch
  5. DeNA Announces FYE 2010 Results

previous post: iPhone 4 Top-Rank in September :: next post: Tata Docomo to Launch 3G Services

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