Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 7, 2020
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Nexon sells off mobile dev Gloops for a single yen

Nexon sells off mobile dev Gloops for a single yen

January 2, 2020 | By Alissa McAloon

Newsbrief: Nexon has agreed to sell off one of its subsidiaries, the mobile developer Gloops, GRDrive at the price of ¥1, or less than a single penny when converted to USD, according to documents spotted by MMO Culture.

The company originally acquired Gloops in a ¥36.5 billion (then ~$468 million) deal back in 2012, though the acquisition failed to accelerate Nexon’s mobile business as it had hoped.

The recent ¥1 sale of Gloops follows another, more substantial deal relating to the studio’s properties late last year. The entirety of Gloops’ browser-based mobile game business was transferred to its subsidiary Myloops in October 2019, a subsidiary that was then, as noted in its most recent financial release, sold off to Mynet for ¥500 million (~$4.6 million).

Related Jobs

innogames — Hamburg, Germany

Concept Artist - Forge of Empires
Blue Marble Health Co
Blue Marble Health Co — Altadena, California, United States

Industrial Toys @ EA
Industrial Toys @ EA — Pasadena, California, United States

Senior Software Engineer - Game Tech (C++)

Loading Comments

loader image