serkan AT kantan-games.co.jp

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For 250 Million US$: DeNA To Buy Back Own Shares [Social Games]

DeNA not only released their financial projections for the first quarter of this fiscal year today, the Mobage operator also said it plans to buy back a good portion of its own shares – a maximum of 14 million of them.

And DeNA is ready to spend up to a quarter billion US dollars (20 billion yen) to make it happen, repurchasing around 10% of the outstanding stock.

The buyback is scheduled to take place between June 15 and July 31 this year. It’s DeNA’s third buyback so far, after one in February this year.

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.