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South Korean game company invests $130m in SGN

July 24, 2015
SGN

SGN

A South Korean game company became the largest shareholder in SGN, a U.S. mobile game creator, with a $130 million investment.

Netmarble Games will partner with SGN to help bring popular casual games like “Cookie Jam” and “Panda Pop” to Asia, while SGN’s global marketing know-hows will expose games like “Seven Knights” to the West, said Kwon Young-sik, Netmarble CEO.

“They have expertise we don’t have and we have expertise they don’t have,” Chris DeWolfe, SGN CEO, told USA Today. “We can help them in the West and they can help us in the East. We are separate companies, but there are synergies.”

The investment is the largest in the game industry since 2013.