M&A Deal Summary

Gree Acquires Funzio

On May 1, 2012, Gree acquired internet software and services company Funzio for 210M USD

Acquisition Highlights
  • This is Gree’s 3rd transaction in the Internet Software and Services sector.
  • This is Gree’s largest (disclosed) transaction.
  • This is Gree’s 2nd transaction in the United States.
  • This is Gree’s 2nd transaction in California.

M&A Deal Summary

Date 2012-05-01
Target Funzio
Sector Internet Software and Services
Buyer(s) Gree
Deal Type Add-on Acquisition
Deal Value 210M USD

Target

Funzio

San Francisco, California, United States
Funzio, Inc. is a develops and markets social and mobile games.

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Buyer(S) 1

Buyer

Gree

Minato-ku, Japan

Category Company
Founded 2004
Sector Digital Media
Employees1,610
Revenue 61.3B JPY (2024)
DESCRIPTION

Gree develops social games and operates GREE, a social network that offers diary, mail, and customizable avatar social media feature services. Gree was founded in 2004 and is based in Minato-ku, Japan.


DEAL STATS #
Overall 3 of 7
Sector: Internet Software and Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 7
State: California M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2012 M&A 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-21 OpenFeint

Burlingame, California, United States

OpenFeint, Inc. is a mobile social game platform operator.

Buy $104M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Paprika Lab

South Korea

Paprika Lab, Inc. is a developer and publisher of game and learning software.

Buy -