DeNA 'interested in Euro studio buyouts'

DeNA 'interested in Euro studio buyouts'

By Rob Crossley

December 9th 2010 at 3:49PM

CEO Tomoko Namba says many Japanese tech firms are interested in buyouts abroad

The Social gaming giant that spent $400 million for US studio Ngmoco has declared its interest in acquiring a European firm.

DeNA is expected to make $1.2 billion in revenues this year from 20 million users, and CEO Tomoko Namba has hinted that cash could fund another social studio takeover.

Speaking on-stage at a recent internet event, LeWeb, Namba said that more Japanese companies than DeNA are interested in acquisitions abroad, due to slowing growth in that market, and the exchange rate, with a strong Yen encouraging Western acquisitions.

Asked specifically if DeNA would acquire in Europe, she enthusiastically replied “oh sure".

Namba added that she is "very proud" of DeNA's acquisition of ngmoco, and that the deal has gone "very well" since closing earlier this year.

Yesterday it was revealed that DeNA is being investigated by regulators amid accusations of unfair business practices.

The Japanese firm is accused of trying to stop developers publishing games on rival sites.