Nexon buys Japanese social developer Gloops for nearly $470M

Korean free-to-play publishing giant Nexon acquired the Japanese social-game developer Gloops, the publisher announced today.

Nexon paid 36.5 billion yen ($468.4 million) for the company, which began making mobile games such as Warriors of Odinand JapanPro Baseball Card Battle in 2010 for DeNA's Mobage social network.

"This acquisition significantly accelerates Nexon's mobile strategy, giving us immediate exposure to Japan's large and fast growing mobile market," said Nexon chief executive Seungwoo Choi.

Gloops previously announced a partnership with DeNA for international expansion: the studio is set to produce five games this year and another five in 2013 that are geared toward North America and Europe, in addition to one game each for the Chinese and Korean markets. "We look forward to being a part of an even larger organization as we work to continue bringing new and exciting titles to a growing base of players around the world," said Gloops president Shinsuke Kawakata.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker