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May 9, 2012 04:05 am GMT
San Francisco-based mobile gaming startup Funziohad just come off making more than $5 million in sales per month when it sold toJapan's GREE for $210 million last week.Profits may be another story, and there's less visibility into that. ButFunzio had to decide between raising additional funding or selling at the time the deal happened.The numbers were revealed in GREE's earnings statement today. Funzio's acquisition comes at a very fascinating time for GREE, a $4.8 billion mobile gaming company from Japan. Like Zynga in the U.S., GREE and its archrival DeNA are part of a younger vanguard of freemium gaming companies that have found success in their home market of Japan. But there are threats on the horizon. GREE'sshares were absolutely slaughtered on the Tokyo Stock Exchange on Monday. The company's shares fell a record 23 percent after the Japanese government said it was investigating the legality of various game mechanics in the social gaming industry.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/SNWg_wNM5DM/
Funzio Was Making $5M In Sales Per Month When It Sold To GREE For $210M
San Francisco-based mobile gaming startup Funziohad just come off making more than $5 million in sales per month when it sold toJapan's GREE for $210 million last week.Profits may be another story, and there's less visibility into that. ButFunzio had to decide between raising additional funding or selling at the time the deal happened.The numbers were revealed in GREE's earnings statement today. Funzio's acquisition comes at a very fascinating time for GREE, a $4.8 billion mobile gaming company from Japan. Like Zynga in the U.S., GREE and its archrival DeNA are part of a younger vanguard of freemium gaming companies that have found success in their home market of Japan. But there are threats on the horizon. GREE'sshares were absolutely slaughtered on the Tokyo Stock Exchange on Monday. The company's shares fell a record 23 percent after the Japanese government said it was investigating the legality of various game mechanics in the social gaming industry. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/SNWg_wNM5DM/
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