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DeNA to acquire 20 percent stake in Rage of Bahamut studio
Following very favorable financial results for Japanese social games giant DeNA, the company today announced that it plans to acquire 20 percent of total shares in Cygames, the studio best known for top-grossing mobile game Rage of Bahamut. The new agreement will see DeNA form a business alliance with Cygames, with the total of 500 shares changing hands between DeNA and Cygames’ current majority owner CyberAgent for ¥7.4 billion ($92.2 million) on December 28, 2012. …
