IntoMobile

Breaking news, information, and analysis on the latest mobile phones and mobile technology

Open NavigationOpen Search
  • Home
  • Platforms
    • iOS / iPhone OS
    • Android
    • Windows Phone
    • BlackBerry OS
  • Hardware
    • New Hardware
    • Tablets
    • Reviews
    • Rumors
  • Carriers
    • AT&T
    • Sprint
    • T-Mobile
    • Verizon
  • Manufacturers
    • Apple
    • Samsung
    • HTC
    • LG
    • Motorola
  • Best VPNs
    • Best VPNs for iPhone
    • Best VPNs for Android

DeNa buys iPhone game maker ngmoco for $403 million

October 12, 2010 by Marin Perez - 1 Comment

DeNA is acquiring ngmoco for about $403 million
Share on Twitter Share on Facebook ( 0 shares )
DeNA is acquiring ngmoco for about $403 million

The Japanese mobile social gaming site DeNA will be paying up to $403 million for the Apple iPhone game maker ngmoco and this could be the largest mobile social gaming company in the world.

The story was first reported by TechCrunch but Reuters said the deal will involve $303 million in cash, shares and stock options with an additional $100 million depending on earn outs. This is a major payday for the ngmoco and a sign that being a mobile game maker can be a big business.

The ngmoco company is probably best known for the We Rule game, a Farmville knockoff which hit the iPhoen before Zynga’s version of the game did, but the gaming firm also has a ton of games available for the Apple iPhone and iPad. It also had the ngmoco Plus+ network, which essentially offered everything that Game Center does.

This is not a bad exit for ngmoco, which has only been around for a few years. The DeNA backing means it should continue to pump out Apple iPhone and iPad games and we know that it is also prepping Android games.

The ngmoco story is just the latest success story in mobile gaming, which is a market which has received a strong boost since the introduction of the Apple App Store. Games are often the most-downloaded apps on any smartphone platform and the the Angry Birds game is even being casually mentioned during celebrity interviews.

That’s why Microsoft is making such a big deal out of the Xbox Live integration in its upcoming Windows Phone 7 platform. This will eventually enable users to control their avatars, as well as find multiplayer matches on the go.

Microsoft is betting big on mobile gaming and Electronic Arts has already committed to the platform with four games at launch. The company is also launching its own mobile gaming studio.

[Via Reuters]

Share on Twitter Share on Facebook ( 0 shares )

Back to top ▴

Back to top ▴

Follow IntoMobile

38k
36k
4k
13k
12k

Most Recent Posts

  • iPhone No Sound: Tips on How to Fix this Common Issue
  • The newest iOS – things you surely did not know
  • Transferring money through mobile: Why digital wallets are the future of commerce?
  • Review: Shine laser light Bluetooth headphones
  • Neptune Suite smart watch with phone and tablet screens killing it at Indiegogo

Get Updates Via E-Mail

  • This field is for validation purposes and should be left unchanged.

About IntoMobile

  • About IntoMobile
  • Contact IntoMobile
  • Send us News Tips
  • Privacy Policy

Social Links

  • IntoMobile on Facebook
  • IntoMobile on Twitter
  • IntoMobile on Google+
  • IntoMobile on YouTube

Copyright © 2006-2021 IntoMobile. All rights reserved.