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Technology / Software

DeNA acquires ngmoco for $400m

DeNA is acquiring ngmoco for up to $400m in cash and securities, ngmoco’s shareholders, creating a large mobile social games platform company.

DeNA said that ngmoco’s shareholders and employees will receive and $300m in cash and securities and are entitled to additional consideration, up to a maximum of $100m, contingent upon the achievement of certain performance milestones through Dec. 31, 2011.

As a wholly owned subsidiary, ngmoco will be responsible for bringing DeNA’s ‘X-Device X-Border’ strategy to Western markets by making DeNA’s Mobage a global service and platform for games.

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DeNA said that the key focus for the company is the creation of a unified open developer platform that combines ngmoco’s smartphone technology framework with DeNA’s Mobage Open SDK.

The unified Mobage Smartphone Platform will allow developers to target both iOS & Android and access both Western and Japanese customers.

DeNA founder and CEO Tomoko Namba said, this acquisition cements the company’s leadership position in the US.

"We’re building the largest mobile social gaming platform in the world and populating it with incredible games and services," Namba said.

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.