Kakao Games received $130 million of investment from partners
The South Korean media company Kakao has raised $130 million to develop its gaming division Kakao Games. About $100 million of this amount was invested by the Chinese corporation Tencent and the Korean mobile publisher Netmarble.
Tencent subsidiaries have transferred about $47 million to Kakao. Netmarble Games invested a similar amount.
The rest of the money came from the Premier Growth Strategy investment fund and local game studios Actozsoft and Bluehole.
According to Kakao Games CEO Namkoong Hoon, investors are also strategic partners of the company.
For example, Kakao Games, together with Tencent and Bluehole Games, is launching the popular PvP shooter PLAYERUNKNOWN’S BATTLEGROUNDS in China.
Kakao Games plans to use the money received to buy new studios, develop its own game development, as well as to publish and support new titles.
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