SoftBank to Take Majority Stake In ‘Puzzle and Dragons’ Maker GungHo
This is big: Japanese telecommunications giant SoftBank (TYO:9984) (the one that acquired Sprint in the US) will launch a tender offer to increase its stake in game studio GungHo Online Entertainment (3765.OS) between April 1 and 26 this year. the deal will be worth over a quarter of a billion dollars. It’s timed to coincide with GungHo conducting a 10-for-1 share split on April 1.
GungHo has produced Puzzle and Dragons, Japan’s most popular smartphone game with over 10 million users. It’s perhaps the most profitable mobile game worldwide, estimated to rack up well over US$50 million per month currently.
SoftBank (or SoftBank Mobile, to be more specific) will acquire 6.4 percent of GungHo’s total shares for 25 billion yen ($264 million). With that investment, the telco’s stake in the Puzzle and Dragons maker increases from 33.6 to 58.5 percent.
With this understanding, the company recognized the importance of enhancing mobile content by combining smartphone-focused development capability and infrastructure held by the SoftBank Mobile Group and planning and creating capability in the smartphone game industry held by the target company group to further improve the efficiency in operation of the mobile communications business, profitability and competitiveness.
After the execution of the deal, GungHo will become a SoftBank subsidiary.
Nexon partners with Tiancity to bring Counter Strike Online 2 to China... September 5, 2013 | Xairylle
Does China’s Games Industry Need Its Own ESRB-Style Ratings Board?... March 22, 2013 | C. Custer
Core Masters’ open beta test set to enslave Japanese youths starting today... April 25, 2014 | Kuanyi Twang
Yametai Review: sometimes heroes just need to quit while they are ahead... January 6, 2014 | Christopher Allison
Free daily Games in Asia newsletter
Make sure you don't miss a story! Get the latest headlines from Games in Asia, delivered fresh to your inbox once a day.
Have tips and news? Email Us
- Ustanak (21. oktobar – crtica) | Beograd202 on Invest in smart TV games, eSports, and robotics for the future, says Kongzhong founder Nick Yang
- Why you (yes, you) should care about eSports right now | Horizon Asia on Retired Chinese LOL pro Misaya is making a fortune online
- Factors Driving Our $3.67 Price Estimate Of Renren | on China’s game market took in $13 billion in 2013, PC games generate way more than mobile
- 320,000 people just watched an esports star get married - buzzcarl on The top 8 moments from Dota 2’s The International 2014
- House of Heroes - Card Game Yang Meniru Karakter DoTA on Garena publishes its first English-language mobile game, and rips off Blizzard
- Razer reportedly closed a funding round from Intel that values the company at $1 billion | Horizon Asia on For the first time, Razer is relying on anime girl mascots to sell products. Here’s why.
- Garena’s House of Heroes mobile game rips off Blizzard on Asiasoft’s new English mobile game rips off Blizzard IP
- Steam: Kalahkan Pembajakan di Indonesia? | TEKNOMODO on Report: Steam is finally coming to China next year
- Alex Cruder on Digital Knights studio not giving up despite failed Sienna Storm Kickstarter
- Bandai Namco Opens New Studio in Malaysia on Bandai Namco Games announces opening of new KL office