Nexon Pays Up for Japanese Mobile Game Developer

On Monday, Nexon announced that it will acquire all outstanding common shares of Gloops, Inc.

Nexon – a worldwide player in free-to-play online games – has been interested in Gloops for quite some time now.

Gloops is a leading developer of mobile games for DeNA’s Mobage platform in Japan.

The value of the deal is $468 million.

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.

“This acquisition significantly accelerates Nexon’s mobile strategy, giving us immediate exposure to Japan’s large and fast growing mobile market,” said Seungwoo Choi, President and Chief Executive Officer of Nexon Co., Ltd. “gloops has established itself as one of the premier mobile game developers in the world and a key player in one of our most important growth areas, with a robust portfolio of hit titles and a strong track record of driving market innovation. We look forward to leveraging gloops’ outstanding capabilities and scale to expand the Nexon game experience to users on mobile platforms worldwide.”

“We are thrilled to become a part of the Nexon family,” added 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.”