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GREE Invests In China’s UltiZen Games [Social Games]


GREE continues to move into China: after striking a deal with Tencent, cooperating with The9 via Openfeint and opening an office in Shanghai, GREE has now announced it invested in Ultizen Games. The company has several offices across China, produces social and other games and offers outsourcing services to game developers.

GREE acquired 1,400,000 common shares (5.1%) of Ultizen (which has 450 employees). Financial terms of the deal weren’t disclosed.

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.