[NX] Nexon Acquires Japanese Mobile Game Developer Gloops
Nexon Co. Ltd., the global giant in online games, has announced that it has acquired all outstanding common shares of Tokyo-based mobile games developer Gloops for US$468.4 million. The transaction was closed today as was unanimously supported by the boards of both companies.
Gloops is very well known in Japan for its mobile games such as Three Kingdoms Guild Battle and Japan Pro Baseball Card Battle. Last month the company announced a partnership with DeNA in order to work on an international expansion targeting North America and Europe. The company has plans to launch five titles in North America and Europe in 2012 and another five in 2013, and one title each on the Mobage platform in China and Korea.
“This acquisition significantly accelerates Nexon’s mobile strategy, giving us immediate exposure to Japan’s large and fast growing mobile market,” said Seungwoo Choi, President and Chief Executive Officer of Nexon, in a statement. “gloops has established itself as one of the premier mobile game developers in the world and a key player in one of our most important growth areas, with a robust portfolio of hit titles and a strong track record of driving market innovation. We look forward to leveraging gloops’ outstanding capabilities and scale to expand the Nexon game experience to users on mobile platforms worldwide.”
“We are thrilled to become a part of the Nexon family,” said Shinsuke Kawakata, President of gloops, in a statement. “Providing compelling games for mobile users has always been our passion, and we look forward to being a part of an even larger organization as we work to continue bringing new and exciting titles to a growing base of players around the world.”