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Netmarble Acquires SpinX Games

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The mobile game publisher will acquire all shares of SpinX at $2.19 billion.

Netmarble is entering the Social Casino sector via its acquisition of SpinX Games.

"The Social Casino genre shows continued global growth, and we are very excited to execute a share purchase agreement with SpinX Games, one of the leading companies in the genre,” says Seungwon Lee, CEO, Netmarble. “Through the acquisition, Netmarble will add the Social Casino genre alongside its existing main genre of RPG to further strengthen its lineup of casual games. With this diversified portfolio, we expect to fortify our competitive edge in the global mobile gaming market.”

Established in 2014, SpinX is ranked 3rd in sales for the mobile Social Casino genre.

“We are very excited to be joining the Netmarble family, one of the fastest-growing mobile game companies in the world,” says Paul Zhang, CEO, SpinX Games. “The mobile Social Casino business is a constantly evolving sector, and we plan to take the most advantage of this opportunity to strengthen global competitiveness for both companies as part of the extensive synergies with Netmarble.”

TAGS: Netmarble
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