NCsoft to acquire 70% stake of German game developer JustPlay for $204M

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NCsoft to acquire 70% stake of German game developer JustPlay for $204M

The NCsoft building in Seongnam, Gyeonggi [NCSOFT]

The NCsoft building in Seongnam, Gyeonggi [NCSOFT]

 
NCsoft, a major Korean game maker, said Tuesday it will acquire a 70 percent stake in Germany-based game developer JustPlay GmbH for 301.6 billion won ($204.8 million) as part of its push to expand its mobile casual game business.
 
The deal is expected to close on April 30, after which NCsoft will hold a controlling stake in the German company, according to the company in a regulatory filing.
 

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Headquartered in Berlin, JustPlay operates a reward-based mobile gaming platform, along with its own casual games.
 
NCsoft said the stock purchase is aimed at securing a key platform in the ecosystem to expand the mobile casual game business.
 
The Korean game publisher, best known for massively multiplayer online role-playing games such as Lineage and Guild Wars, has been moving aggressively to strengthen its casual game portfolio as a new growth driver.
 
It set up a mobile casual center last year and acquired casual game developers, including Singapore-based mobile game publisher Indygo Group, in December of last year.

Yonhap
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