Online Games Giant Nexon Acquires Japanese Mobile Games Developer gloops For $468.4M Cash

Korean free-to-play online games giant Nexon, which has been quietly outperforming Zynga since its IPO last December, has announced it's acquired all outstanding common shares of gloops, a developer of mobile games for Japanese games developer DeNA's social gaming platform Mobage. Nexon paid ?36.5 billion ($468.4 million) in cash to acquire gloops. The transaction closed today.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/nPIeSmSqt2s/

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