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Gree,Inc. Announces Business and Capital Alliance with Mobicle Co., Ltd.
Gree,Inc. announced that it has signed a business and capital alliance with Mobicle Co., Ltd., which is a Korea-based company engaged in the online game development. Through the business alliance, the two companies will collaborate in the smart phone-oriented social game development business. Through the capital alliance, Gree has acquired 224,178 shares (6.8% voting rights) of Mobicle through a private placement on January 16, 2012.
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