Japanese mobile social gaming network Gree has acquired California-based OpenFeint, which also operates a mobile social gaming platform in the U.S., in a $ 104 million deal. Gree purchased OpenFeint’s outstanding stock for $ 104 million through a triangular merger set up with a new Silicon Valley subsidiary, Gree International. The firm will provide OpenFeint with additional operating capital to accelerate growth, and provide long-term incentives to the platform’s team. OpenFeint integrates cross-platform community features — leaderboards, …
Source: Gamasutra News
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