Nexon to Acquire Japanese Mobile Game Developer gloops

Nexon Co., Ltd. announced that it has entered into a definitive agreement to acquire all outstanding common shares of gloops, Inc., a mobile games developer that made its name by developing for DeNA’s Mobage platform in Japan. Nexon will pay 36.5 billion yen in cash.

gloops is known for creating a diverse portfolio of top-ranking games, from social card battle games such as Japan Pro Baseball Card Battle to more core titles such as Warriors of Odin and Three Kingdoms Guild Battle. Through its recently announced alliance with DeNA, gloops is also expanding internationally, delivering five titles in 2012 and another five in 2013 to the Mobage platform targeting North America and Europe, and one title each on Mobage’s platforms in China and Korea.

"We are thrilled to become a part of the Nexon family," said Shinsuke Kawakata, President of gloops. "Providing compelling games for mobile users has always been our passion, and we look forward to being a part of an even larger organization as we work to continue bringing new and exciting titles to a growing base of players around the world."

The transaction has been unanimously approved by the board of directors of both companies and will be completed on October 1, 2012. Other terms of the transaction were not disclosed.


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