Korean mobile publisher buys out the competition
Gamevil has entered an agreement to acquire global mobile developer and publisher Com2uS.
The two Korean companies were early competitors, but the agreement states as of October 3 Gamevil will have purchased control of its rival from the majority shareholders.
What's most interesting about the deal is that Gamevil is the younger company by two years and Com2uS actually drew about $6 million more in revenues last year.
Both companies bring platforms with a sizable user base – Gamevil Circle and Com2uS Hub – and plan a cooperative portfolio strategy.
This merger also brings some major mobile franchises under the same roof, with Gamevil supplying both Baseball Superstars and Zenonia, and Com2uS producing Heroes War, Tiny Pop, and Tiny Farm.
While Gamevil has arguably been at the top of the Korean mobile games market for some time, this deal effectively cements that reputation, and will propel the company forward as it competes for the global stage.