Gree Acquires OpenFeint For $104 Million

Gree Acquires OpenFeint For $104 Million

Gree Acquires OpenFeint For $104 Million

Gree, the fastest-growing technology firm in Japan, is also to invest further capital to help OpenFeint grow. Together the two firms will reach a userbase of over 100 million people and seek to “build a global ecosystem of distribution channels for game developers.”

Yoshizaku Tanaka, Gree’s founder and CEO, said: “At Gree, we are socialising the next evolution of games and, as the best-in-class US-based mobile social network, OpenFeint is the ideal partner for us to offer the best mobile social games to the largest global audience.” OpenFeint founder Jason Citron added: “Together, we will deliver the strongest global ecosystem of gaming networks to our combined 100 million users.”

OpenFeint has grown to reach 75 million users since its formation in 2008, with its features now used in 5,000 mobile games. It recently introduced cross-platform functionality, with a suite of APIs allowing friends lists, leaderboards and accounts to be consistent across different devices and operating systems.

Source: OpenFeint