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25 jobs go at GREE US following OpenFeint closure

Company also begins new funding initiative for developers

Mobile games company GREE is letting 25 staff go following the closure of OpenFeint.

The news comes as the company announced a new funding initiative, with MyHorse developer MunkyFun receiving $3 million in investment

"GREE, which recently announced the closure of mobile social gaming platform, OpenFeint, is focusing its US business primarily on its own titles and developer partner titles," said the company in a statement.

"As part of the company's internal US reorganization, a majority of the GREE games platform team will be transitioned to new departments with redundancies in some areas. The overall GREE Platform business will begin transitioning to its operations in Tokyo as a part of this change."

GREE bought OpenFeint for $104 million in April last year, before making the surprise decision last month to close it down - a move many condemned for not providing enough notice.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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