Oct 24, 2012

GREE Acquires Pokelabo, Game Developer For 13.8B Yen / Reuters

Gree acquires 100% share of Pokelabo to make it a subsidiary. It aims to strengthen development of mobile social games on smartphone by combining engineer team of both company.

The company plans to buy on October 30th with its own cash and debt. Pokelabo was founded in 2007 and launched mobile social game from 2008. The revenue ending September 2011 was 556 million yen and income was 155 million yen. ...

Reuters 10/24/2012 [jp]

  • Another mobile game developer, Gloops was acquired by Korean online game provider, Nexon for 36.5 billion yen at beginning of the month. It seems a right timing to exit for mobile social game developers. While, Zynga announced to shut down Japan office, which is based on Unoh acquired by Zynga two years ago. Mobile social game becomes more capital intensive and competitive than ever. Some studios would aim to go IPO for the near future, but most of others will choose to be acquired by big companies, otherwise it would be difficult to survive on their own.
  • http://pokelabo.co.jp/

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