Gree is putting its money where its mouth is.
This week, word surfaced that Gree International Inc., a giant in the Japanese mobile gaming industry, wants to become an even bigger player in the genre. And to that end, the company is acquiring San Francisco, California-based mobile game developer Funzio Inc.
The price tag for the acquisition is said to be $210 million.
From the L.A. Times:
The deal represents the second major acquisition of a U.S. company for Gree, which a year ago bought OpenFeint, a mobile social game platform company, for $104 million.
As Gree faces no shortage of stellar competition on a global scale, the acquisition of Funzio will help provide some degree of advantage to Gree, as the purchase delivers to Gree a development studio that brought us the likes of Modern War, Crime City and Kingdom Age, all of which are big money makers and very popular titles.
Funzio says that some 20 million players have downloaded the company’s games to date.
