Japan's two biggest social game giants plan to buy Mixi 55% stake

http://www.aliyun.com/zixun/aggregation/17197.html "> Beijing time May 15 afternoon news, according to the Nikkei industry news, Japanese social game giants Dena and Gree may acquire a 55% stake in Mixi, the country's largest social networking site.

Affected by the positive news, Mixi shares rose 11% to 175000 yen in Tuesday, hitting its highest point since August 17 last year.

The Nikkei industry news, citing people familiar with the matter, said MIXI president Don was seeking to sell its 55% per cent stake. But the company said in a statement that the report was "not in accordance with the facts".

Mixi is the forerunner of the Japanese social network, but since December 2007 it has faced fierce competition from Facebook, Dena and Gree, with a massive loss of users and a 92% decline in market capitalisation.

Data from Nielsen, a market research firm, showed that, as of February, Facebook visited 13.5 million independent users in Japan, surpassing Twitter and Mixi for the first time, becoming Japan's biggest social network.