Netmarble closes acquisition of Kabam Vancouver and Marvel: Contest of Champions

Will run Kabam as a wholly-owned subsidiary

Date Type Companies involved Size
February 23rd, 2017 acquisition Kabam
Not disclosed
Netmarble closes acquisition of Kabam Vancouver and Marvel: Contest of Champions

Netmarble's acquisition of Marvel: Contest of Champions developer Kabam for an undisclosed sum has now been completed.

Netmarble has now acquired Kabam's Vancouver studio, responsible for its top performing Marvel game and the upcoming Transformers: Forged to Fight.

It has also picked up the Customer Support team at Kabam Austin, and parts of the Business Development, Marketing Art and User Acquisition teams from Kabam San Francisco.

Kabam Games will continue to operate as a wholly-owned subsidiary of Netmarble and will be headed up by new CEO Tim Fields, who previously held the role of Senior VP and GM at the company.

A perfect fit

"We're excited to welcome Kabam to the Netmarble family and support their continued success in the competitive mobile games marketplace," said Seungwon Lee, Chief Global Officer of Netmarble Games.

"The acquisition is a perfect fit. Kabam has a proven track record of developing games based on iconic entertainment brands, powered by state-of-the-art technology and managed by an incredibly talented team."

Kabam COO Kent Wakeford said earlier in February 2017 that it would look to sell off its remaining studios and assets once the Netmarble deal closed.

It also wound down its team in Beijing following the poor internal performance of soft-launched title Legacy of Zeus.


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