GREE acquired Pokelabo for $173 million

Yesterday came the news about the acquisition by the Japanese social giant GREE of the Pokelabo game studio. 

This is the second major transaction in Japan in recent years. On October 1, Nexon announced the purchase of the developer of mobile and social games Gloops for $ 469 million.

As for GREE, this is the third acquisition for her this year. A little earlier, in September, she bought App Ant Studios (details of the deal are still unknown), and in May she acquired Funzio for $210 million. 

Pokelabo is a Tokyo–based studio founded in 2007. She developed mobile-social games, including the Japanese role-playing project Clan Battle of Fate and the card battler Mystic Monsters. 

The number of the studio is 91 people, the annual income is about $ 7 million, of which the net profit is $ 2 million.