Nexon accumulates, adding "killer core" title from US startup Turbo to 2015 portfolio
| Date | Type | Companies Involved | Size |
|---|---|---|---|
| Jun 5, 2014 | license | Nexon Turbo Studios | Not disclosed |
With its mobile revenues currently stalling, F2P giant Nexon continues to employ its cash reserves to sign up new talent, particularly from the US.
The latest startup to experience its largesse is New York-based Turbo Studios.
Terms haven't been announced, but Nexon has the exclusive worldwide publishing rights to its debut 'killer core' cross-platform title, due in 2015.
Turbo charged
Turbo was founded in 2013 by veterans from Nintendo, Sony, Microsoft, CPP, Riot, Rockstar, Kabam and Zynga.
SoftBank Ventures Korea was one of its original investors.
"Turbo shares Nexon's belief that creating unique, truly fun to play games is the key to player satisfaction and success," said Owen Mahoney, Nexon CEO.
"We are excited by the fresh ideas Turbo brings to game development and thrilled to be partnering with a like-minded studio."
Other recent Nexon investments include Austrian outfit Socialspiel and US startups Rumble, Robotoki and Shiver.
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