Latest


Netmarble to acquire game company SpinX Games for $2.1 bn

  •   Mon, Aug 02 2021 10:29:10 PM

Seoul, Aug 2 (IANS): South Korean game developer Netmarble said on Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at $2.1 billion.

Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully owns the social casino game developer.

SpinX Games, established in 2014, operates various types of mobile casino content, including slot machine games.

The deal is expected to be completed in September, reports Yonhap news agency.

Netmarble has been seeking to diversify its portfolio, acquiring U.S.-based game developer Kabam Inc. in a deal estimated at 1 trillion won (US$868 million) in 2016.

"On top of the mainstay role-playing game content, the company has diversified its portfolio by adding other casual gaming content. The move will bolster the company's global competitiveness," Lee Seung-Won, who heads Netmarble, said in a statement.

 
  

Top Stories

LS polling ends at 77.44% in DK, 76.06% in Udupi-Chikkamagaluru

  •   15 hours ago    9

Vaikuntam City: Explore elite gated community experience in Surathkal

  •   15 hours ago    1

Leave a Comment

Title: Netmarble to acquire game company SpinX Games for $2.1 bn



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.

You might also like