F2P MMO publisher Nexon has acquired all outstanding shares in Korean studio Boolean Games.
Best known for its RPG series Dark Avenger and Darkness Reborn - with a combined download total of over 40 million - the studio has established itself as one of South Korea's consistent performers.
Full details of the deal have not been shared, yet the move comes as a surprise considering that Gamevil has been publishing Boolean’s games.
With access to all the numbers, Gamevil has typically invested in or acquired developers it feels would improve its business longterm.
The fact it hasn't suggests either than Darkness Reborn hasn't performed as strongly it Gamevil had hoped - it's only been a big hit in Korea - or that Nexon, which is hungry for established mobile developers to balance its investments in US and European start-ups, has paid more than Gamevil would offer.
Notably when announcing record financials, Boolean's RPGs weren't mentioned as big hits by Gamevil.
Either way, Gamevil will continue to publish Darkness Reborn.
“Boolean Games is an outstanding mobile game studio in Korea, with a successful track record of developing global hit titles,” said Nexon Korea CEO Jiwon Park.
“From this partnership, we can bolster our global mobile pipeline with more top-quality titles. We are excited about working with the talented team at Boolean Games, combining their proven development capabilities with Nexon’s F2P know-how and global distribution platform.”