Puzzle & Dragons GungHo Acquired by SoftBank

In late January we reported that GungHo Group had acquired Suda 51's studio Grasshopper Manufacture. In late February the Japanese mobile publisher revealed staggering sales figures: it reported it had generated around $65 million during January – or about $2 million dollars a day – from a single game: Puzzle & Dragons.

Today we learn that it has been acquired by Japanese telecommunications company SoftBank. SoftBank will pay 25 billion yen ($265 million) on April 1 to increase its stake in GungHo to 58.5 percent, making GungHo a consolidated subsidiary. SoftBank will also bring GungHo's wholly owned subsidiaries Grasshopper Manufacture and Acquire into its family as part of the acquisition.

Source: Gamasutra


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