Japanese social gaming giant DeNA acquires San Francisco based Ngmoco and creates the largest mobile social games company in the world.
Articles and analysis from:
Los Angeles Times ” As the U.S. market for social and mobile games grows, DeNA is betting it can nearly double its revenue to $1 billion this year.”
Barron’s ” Terms call for ngmoco holders and employees to get $300 million in cash and securities, with up to another $100 million based on performance milestones through December 31.”
VentureBeat ” Ngmoco remained laser focused on the iPhone even as players such as Zynga raced ahead with lucrative social games on Facebook.”
Financial Times ” DeNA is a leading mobile gaming company in Japan, whose purchase will be helped by the strong yen against the dollar. The two companies will merge mobile and social gaming.”
The Wall Street Journal ” DeNA said it will pay a total of $303 million in cash and stock for ngmoco when the deal closes on Nov. 9. If ngmoco is able to meet certain performance targets, DeNA will pay as much as an additional $100 million in cash and equity.”