DeNA, a large Japanese social game company, is acquiring Ngmoco, an iPhone game development company, for $400 million, according to the New York Times.
This is one of the largest deals ever involving an iPhone application developer and yet another acquisition for DeNA, which has gone on a spending spree in its goal to become the world's #1 mobile gaming platform.
"The big tide in social gaming is coming, right now,T Tomoko Namba, the founder and chief executive of DeNA, said during an interview. "We’d like to capture it and quickly become the world’s No. 1 mobile gaming platform."
"We’re only active in the Japanese market, and we haven’t figured out how to cover the Western market," she said. "We want to enable developers to go cross-device and to go cross-border. And we need this to happen quickly, in about the next one or two years."
Back in February, Ngmoco raised $25 million in additional funding and acquired Freeverse, another popular iPhone game developer.
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This is one of the largest deals ever involving an iPhone application developer and yet another acquisition for DeNA, which has gone on a spending spree in its goal to become the world's #1 mobile gaming platform.
"The big tide in social gaming is coming, right now,T Tomoko Namba, the founder and chief executive of DeNA, said during an interview. "We’d like to capture it and quickly become the world’s No. 1 mobile gaming platform."
"We’re only active in the Japanese market, and we haven’t figured out how to cover the Western market," she said. "We want to enable developers to go cross-device and to go cross-border. And we need this to happen quickly, in about the next one or two years."
Back in February, Ngmoco raised $25 million in additional funding and acquired Freeverse, another popular iPhone game developer.
Read More