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Nexon acquires 20% stake in Moyasoft

Social developer gets backing from free-to-play publisher

Free-to-play publisher and developer Nexon has acquired a 20 per cent stake in Moyasoft, a Korean social game developer.

With the investment Nexon said it intends to support Moysoft's expansion into international markets and new platforms.

The two companies also plan to work together and co-develop mobile games based on Nexon's existing franchises, which include hit title Kart Rider. Moyasoft created social game GodWarz, which it has since spun off into PC and smartphone titles.

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Matt Martin

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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.