Dec 22, 2010

Butterfly forms capital alliance with Recruit, Koei Tecmo, and D2C /Second Times

In order to accelerate its business such as social games, smartphone apps, and global expansion, Butterfly announced that it partners with Recruit, Koei Tecmo Holdings, and D2 Communications. All of them acquires the company's shares from Ant Capital Partners, existing share holder.

With this alliance, Recruit holds 14.76%, Koei Tecmo and D2C have 4.33%. Butterfly also partnered with DeNA in this summer, which holds 14.99%.

The company plans to release iButterfly plus, location-based social game for smartphone, jointly with Dentsu.

Second Times 12/20/2010

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