DeNA spends $92 million, buying a 20% stake in Rage of Bahamut dev Cygames
It will spend $92 million (¥7.4 billion) to acquire 20 percent of the developer of top grossing card-battling games such as Rage of Bahamut and Marvel: War of Heroes.
As DeNA pointed out yesterday, the former is the main driver of its fast-growing sales outside of Japan; $30 million during its past financial quarter.
In terms of the detail of the deal, DeNA will acquire the 500 shares in Cygames - bought from its majority owner CyberAgent and the company's executive team - as the two companies set up what's described as "a capital and business alliance".
It will also get a seat on the Cygames' board.
The companies previously had a strategic alliance, and but the new deal will ensure DeNA is protecting this key development partner.
DeNA says it expects the deal to close on 28 December 2012.