GREE 210 million dollar buy mobile social games developer Funzio

Beijing Time May 2 News, Japanese social game giant Gree announced today that the company bought the middle core (mid-core) mobile social game developer Funzio at a price of $210 million, a deal that should help improve the company's ability to develop games for Western audiences. Gree, a mobile gaming company with a total assets of $ billions of trillion, is now trying to get into the game market in Western countries because the country's domestic market is saturated.　　Last year, Gree bought the gaming network OpenFeint at $104 million trillion, but Gree was both a platform provider and a game developer, so the deal only met one of the company's needs, and the acquisition of a Funzio deal should help it meet demand on the other hand. Here's a statement from Gree: Mobile social-gaming industry leader Gree today announced a takeover of Funzio, a pioneer in the development of intermediate core mobile gaming offerings that will enhance Gree's ability to bring high-quality games to the mobile gaming market.　　Funzio's game products will also join Gree as the cutting-edge content planned for the global platform. "Funzio's team is creating some of the best mobile games in the world today, and this deal will allow us to combine the talent and expertise of this company with our vision of a mobile social gaming ecosystem," said Qingliu, Gree's international chief executive, Otoma Aoyagi. We are very excited to be able to expand our core gaming portfolio and continue to demonstrate that the mobile gaming market is the next most unavoidable step for a global gamer. "Funzio is a successful developer of Crime City, the Modern Warfare (Xiandai War) and the Kingdom of Hegemony (Kingdom age), which has more than more than 20 million downloads and has a strong and enthusiastic fan base. The company's executives and founders are senior practitioners in the industry who will join Gree to help develop Gree's game development Studio in San Francisco.　　Funzio chief executive Ken Chiu and chief operating officer Anil Dharni will join Gree International as Senior vice President, Chief Technology officer Ram Gudavalli and vice president of engineering, Andy Keidel will join Gree International as Vice president. "Gree has the same vision for the Mobile world as it is for people to play games together no matter when and where," said Ken Chiu, founder and CEO of Funzio. We feel strongly that our experience in creating unique games for the middle core gaming market and Gree's expertise in delivering mobile games to the global community is a perfect combination. "Gree is working to build the world's best and most mobile socialGame ecosystem. The Gree acquisition of Funzio will push gree closer to its goal of bringing the number of global users to 1 billion, while Gree will deliver new types of professional and unique games to the much-anticipated Gree social media gaming platform, The games are scheduled for release in the second quarter of fiscal year 2012. The new Gree platform will feature high-quality content, give players a healthy gaming experience, and provide developers with access to an increased number of global audiences.