DeNA heads West

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 TimesAs 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.”

VentureBeatNgmoco remained laser focused on the iPhone even as players such as Zynga raced ahead with lucrative social games on Facebook.”

Financial TimesDeNA 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 JournalDeNA 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.”

Advertisements

Leave a comment

Filed under DeNA, Facebook, iPad, iPhone, ngmoco, social games

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s