With this investment, Netmarble will become the largest shareholder in SGN.
With the partnership, SGN aims to grow their share in Asia (using the proceeds for games studio acquisitions) while Netmarble will use SGN’s expertise to expand their presence in the West.
Both companies will maintain their independence, but will work closely to share their creative and technological knowledge.
Led by Youngsig Kwon, CEO, Netmarble is a Korean mobile gaming company with titles including “Marvel Future Fight”, which recently surpassed 20 million downloads within two months of its initial launch.
Founded by MySpace Co-Founders Chris DeWolfe and Aber Whitcomb, and former Fox executive Josh Yguado, SGN is a cross-platform mobile games studio, delivering titles on Facebook, iOS, Android and Amazon.
The company, which operates with a global presence with offices in Los Angeles, San Francisco, San Diego, Palo Alto and Buenos Aires, has developed titles including Panda Pop, Book of Life: Sugar Smash, the newly released Juice Jam, and Cookie Jam.