Social network game operator GREE Inc. announced on May 2 that through its subsidiary, GREE International Inc., it has acquired mobile game creator Funzio Inc. for $210 million (16.9 billion yen).
Gree said the acquisition marks the latest step in its goal of developing its mobile social Gree Platform.
Named one of The Wall Street Journal's “ 50 Most Innovative Start-Ups,” the California-based Funzio creates simulation games for Android and iOS devices.
Under terms of the acquisition, GREE will secure popular titles including “Crime City” and “Modern War,” each earning the second highest ranking in the App Store's top grossing games within the United States.
Gree will also obtain Funzio's newest release, “Kingdom Age.”
According to Gree, as of December 2011, its network reached more than 190 million users worldwide.
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