| Mobile Web

Search results for social casino

Games & Commerce

Kakao Games restarts M&A with Metoon acquisition

Kakao Games, which has been selling non-core affiliates and stakes, has put mergers and acquisitions back at the centre of its growth strategy under new management. The company decided on Sept. 15 to spend about 98 billion won to acquire 39.56% of Metoon through a combination of secondary share purchases and a third-party share issue. Kakao Games will become Metoon’s largest shareholder and gain management control once the deal closes. It has also signalled further investment.

Games & Commerce

KakaoGames to buy control of Me2on in 98 billion won deal

KakaoGames will acquire global casual game company Me2on for about 98 billion won. KakaoGames said its board decided to buy a 39.56 percent stake in Me2on, which would make it the largest shareholder and secure management control once the transaction is completed. The deal is KakaoGames\' first merger and acquisition since it shifted to a new management structure. Me2on operates in Asia, North America and Europe and earns more than 80 percent of revenue overseas.

Games & Commerce

Wemade Play Q2 operating profit rises 6 percent to 2.6 billion won

Wemade Play said on Tuesday its second-quarter revenue rose 9 percent from a year earlier to 32.2 billion won, while operating profit increased 6 percent to 2.6 billion won. Net profit came to 3.6 billion won. It said operating profit rose on the back of results from key businesses including games, advertising and publishing, while net profit fell due to a base effect. First-half revenue totalled 64.6 billion won.