South Korean game developer Netmarble Corp has acquired social casino game company SpinX Games for an estimated $2.2 billion.
It’s the biggest overseas M&A deal by a Korean game company.
Netmarble said it agreed to purchase SpinX in order to diversify its game portfolios and strengthen its global business opportunities.
SpinX offers casino mobile games such as “Cash Frenzy”, it reported KRW328.9 billion (US$286.0 million) in revenue in 2Q21, ranking third out of all firms in the mobile social casino industry.
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