Oct 7, 2010

[Trading Markets] Nexon Japan buys into Spanish online games firm BoomBang

Trading Markets 10/6/2010 
Gaming company Nexon Japan Co said on Tuesday it has taken 32% in Spanish online games developer BoomBang Games, in exchange for an undisclosed investment in the company. With this investment, BoomBang Games, currently expanding in the North and South Amercan markets, will be able to finance its growth, Nexon Japan said. Barcelona-based BoomBang Games develops online games for a Spanish-speaking audience globally. Nexon Japan will use its overseas network in 71 countries to further expand the servicing areas of BoomBang, it said. Agnitio Capital Limited advised BoomBang Games on the deal. Nexon Japan is a subsidiary of Korean gaming specialist Nexon.

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