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NEXON Co Ltd To Acquire gloops, Inc.

Monday, 1 Oct 2012 03:15am EDT 

NEXON Co Ltd announced that it has entered into a definitive agreement to acquire all outstanding common shares of gloops, Inc., a developer of mobile games for DeNA’s Mobage platform in Japan, for JPY36.5 billion in cash. Under the alliance, DeNA will provide user acquisition and international distribution capabilities. The transaction has been unanimously approved by the Board of Directors of each company. Nexon financed the acquisition through cash on hand, and the transaction closed on October 1, 2012. Other terms of the transaction were not disclosed. 

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