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Disney Interactive acquires South Korean developer Studio Ex

Disney Interactive has purchased South Korean developer Studio Ex in a bid to strengthen its presence in the Asian free-to-play multiplayer market, reports AllThingsD.

"The Walt Disney Company has acquired Studio Ex, a games development studio in Korea that focuses on multiplayer, free-to-play online and mobile games," a representative for Disney told AllThingsD. "Through a stock purchase agreement, Studio Ex is now a wholly owned subsidiary of The Walt Disney Company reporting into Disney Interactive."

Studio Ex has not currently launched any games, but intends to focus on developing free-to-play online and mobile titles based on existing and new Disney properties for the Asian market.

Earlier this year, Disney announced partnerships with two other Korean game companies: Online developer Smilegate is working on a Marvel Comics title, while developer Zipi Studio currently has a massively multiplayer online racing game in the works that features characters from Pixar films Toy Story and Cars.

Polygon has reached out to Disney Interactive for more details on the acquisition, and will update this story with more information as we have it.