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April 22, 2011 05:04 am GMT

Japanese Company GREE Buys Mobile Social Gaming Platform OpenFeint For $104 Million In Cash

Mobile gaming startup OpenFeint, has been acquired by Japanese mobile gaming company GREE for $104 million in cash plus additional capital for growth of the OpenFeint platform. OpenFeint and its team will remain with long-term incentives, including CEO and founder Jason Citron, says the company.OpenFeint provides a comprehensive mobile social gaming platform for the iPhone and Android platforms. OpenFeint's plug and play mobile social platform and application for smartphones includes a set of online game services such as leaderboards, virtual currencies and achievements running in a cloud-based Web environment.

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