Ngmoco aquires iPhone studio Freeverse

As the Californian mobile games group raises a further $25 million
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iPhone game publisher Ngmoco has bought developer Freeverse and announced that it has raised a further $25 million in funding bringing its total - after three rounds - to over $40 million.

The move is being seen as a further attempt by San Francisco based Ngmoco to create a leadership role in iPhone publishing, with an eye to the coming iPad market.

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