SoftBank Purchases $265M in GungHo Entertainment Stocks - News

by William D'Angelo , posted on 26 March 2013 / 2,741 Views

The Japanese telecomms company SoftBank has purchased 25 billion Yen ($265 million) in stocks for the Puzzle & Dragons developer GungHo Entertainment, according to GamesIndustry International. Once the deal is completed SoftBank will have a 58.5 percent stake in the developer.

SoftBank is acquiring a majority stake in GungHo Entertainment because it has a strategy of becoming the biggest mobile internet company in Japan. The company is targeting ¥1 trillion ($10.61 billion) in annual operating income by March 21, 2017.

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BaldrSkies (on 26 March 2013)

Hopefully this doesn't impact their real game development on PC and Vita. I know they really hit it off with PuzDra on smartphones but I hope they don't go all into that route. Then again the money PuzDra profits per month is equivalent to a full game release, shareholders are very happy with that.

Nem (on 26 March 2013)

Oh god... why do i get the feeling this slims even more the chance of a new Grandia game beeing made? :(