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Gamasutra - Netmarble acquires SpinX Games for $2 19 billion to expand into social casino genre

Gamasutra - Netmarble acquires SpinX Games for $2 19 billion to expand into social casino genre
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Gamasutra - Press Releases- NETMARBLE TO ACQUIRE MAJORITY STAKE OF INDEPENDENT GAME DEVELOPER KUNG FU FACTORY

[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource Games Press.] LOS ANGELES – FEB. 18, 2021 – Netmarble US,Inc.,(“Netmarble US”) the Los Angeles-based subsidiary of Netmarble Corp., a top global mobile game company, announced today that it has acquired a majority stake in the Los Angeles-based game developer Kung Fu Factory. As a result of the majority stake acquisition, the developer will officially become a subsidiary of Netmarble US. Best known for their work on popular mobile titles like WWE: Champions, Kung Fu Factory is working closely with Netmarble US, along with the NBA and NBPA, on the production of

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Netmarble acquires Kung Fu Factory

Netmarble today announced that it has acquired a majority stake in Kung Fu Factory, the studio behind Scopely s WWE Champions and its own upcoming NBA Ball Stars. With the acquisition, Kung Fu Factory will become a subsidiary of Netmarble US, which will make Ball Stars the first game published by the US division of the company. Kung Fu Factory has been a tremendous partner in the production of NBA Ball Stars and has been incredibly in sync with our vision for our first publishing project, said Netmarble US president Simon Sim. We re thrilled to have a developer with such an impressive portfolio of work become part of the Netmarble US family, and we look forward to building our relationship as we continue to expand our publishing capabilities in the West.

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