Sections

Kakao Games secures $131m from five investors

Tencent and Bluehole among the five companies to invest in South Korean developer

Chinese internet giant Tencent is one of five companies to have invested a collective 140 billion won ($131.6 million) in South Korean developer, Kakao Games.

Netmarble Games, South Korea's largest mobile developer, and subsidiaries of Tencent will invest 50 billion one each, while Actozsoft will invest 20 billion won.

Investing ten billion won each is the publisher of PlayerUnknown's Battlegrounds, Bluehole Studio, and Premier Growth-M&A PEF.

As reported by The Investor, the Kakao Games confirmed its global expansion strategy would see it acquire game firms with the new capital.

Kakao has been working with Tencent and Bluehole to launch PUBG in China. Additionally, it plans to help launch Actozsoft's Dragon Nest in the first quarter of 2018.

"The latest investment proves our partners appreciate our growth potential," Kakao Games CEO Namkoong Hoon said in a statement.

More stories

Lightheart Entertainment closes €1.3m seed round

Funding from Galaxy Interactive will be used for the global rollout of mobile title Mr Autofire

By Matthew Handrahan

Third internal Kalypso studio revealed as Claymore Game Studios

Claymore is based in Darmstadt, Germany, and is working on the first new Commandos game in 14 years

By Matthew Handrahan

Latest comments

Sign in to contribute

Need an account? Register now.