DeNA to form capital and business alliance with 'Rage-of-Bahamut' developer Cygames
TOKYO, JAPAN – November 7, 2012 – DeNA Co., Ltd. (TSE: 2432) announced today that it has agreed to form a capital and business alliance with Rage of Bahamut game developer Cygames, Inc. under which DeNA will acquire a total of 500 shares, or 20.03 percent of the fully diluted outstanding shares in Cygames for approximately 7.4 billion yen. DeNA expects to complete acquiring the shares from Cygames' current majority owner CyberAgent, Inc. and Cygames' board members on December 28, 2012.
Following the investment, DeNA and Cygames aim to strengthen their existing relationship by promoting further fusion of Cygames' creativity and DeNA's proven expertise in social game development and operation. The companies strive to develop and deliver new games to users around the world via DeNA's Mobage mobile social gaming network and platform. DeNA also plans to seat a member on Cygames' board of directors.
Since Cygames and DeNA formed a strategic alliance in February 2012, they have closely collaborated in development and marketing of mobile social games on Mobage. Rage of Bahamut, a Cygames-developed international mobile social game hit, has particularly gained immense popularity in the United States, Europe, South Korea and Japan. The title ranked number one on the top-grossing charts of Google Play and the Apple® App StoreTM in the US, and number six on Google PlayTM in South Korea. DeNA will continue to publish Cygames-developed titles worldwide on Mobage.
DeNA Co., Ltd. is a global Internet company focused on its leading mobile social game platform as well as social games, e-commerce and other Web services for mobile devices and PCs. DeNA's flagship business is its mobile social games platform Mobage, which offers first, second and third-party games on five localized player networks worldwide. The Mobage network in Japan currently serves over 45 million registered users with more than 2,000 titles. Founded in 1999, DeNA has more than 2,000 employees worldwide working at offices and development studios in 16 cities across 11 countries and regions. The company generated annual sales of more than 1.8 billion U.S. dollars in the fiscal year ended March 2012. DeNA is listed on the Tokyo Stock Exchange (2432). For more information, visit dena.jp/intl.
CyberAgent, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment for PCs, handheld and wireless devices. Founded in 1998, the company has provided many kinds of businesses in Japan including being the largest social game provider, running the #1 blog based communication service (Ameba), the #1 internet, and the #1 corporate venture capital. CyberAgent maintains operations in the U.S., China, Vietnam, Japan with corporate headquarters located in Tokyo, Japan.