Japan’s GREE Acquires Game Developer Pokelabo For $173M

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http://techcrunch.com – Bolstering its arsenal of first-party games for the Japanese market, GREE acquired developer Pokelabo for $173 million in an all-cash deal. Asia-focused venture capital firm DCM gets a win with this acquisition as it had a little over 20 percent of the company. Sega also had a strategic investment in the company with a 19 percent stake. Founded five years ago, Pokelabo has released titles like Sangoku Infinity and Clan Battle of Fate that have done well in Japan’s app store rankings, with top 10 placements on iOS or Google Play. The company also recently released a card battle game cal (IT news)