DeNA buys ngmoco for $400m

Publish date:

Japanese social games firm DeNA is to acquire ngmoco for $400 million, the company has confirmed.

The deal, which was strongly rumoured last week, is one of the biggest exits for an iPhone games publisher, although ngmoco recently expanded onto Android.

"The big tide in social gaming is coming, right now. We'd like to capture it and quickly become the world's No. 1 mobile gaming platform," DeNA CEO Tomoko Namba tells the New York Times.

DeNA's acquisition of ngmoco will fuel its rivalry with US firm Zynga - set to become one of the defining battles of cross-platform social gaming in the next year or two.

For the full story, head over to sister site ME.