Japan's largest mobile marketing and advertising firm, D2 Communications (D2C), has acquired a 0.9% stake in Tokyo-based Ubiqituous Entertainment (UEI). D2C acquired a total of 400 UEI shares - other financial details of the deal, which was officially announced today, weren't disclosed.
In April last year, the two companies started a program called 9leap for young smartphone game designers. With the capital partnership, D2C and UEI plan to continue the program, co-develop HTML5-based web services and mobile ad solutions, and use the latter company's knowhow in the gaming field to create new applications and content. ...Asiajin 2/9/2012 [en]
- The amount is 20 million yen. It means that the current valuation of the company is over 2 billion yen. UEI raised 500 million yen from Jafco last October.