Global gPotato sold

Published on February 1st, 2013 | by cinderboy


gPotato – North America and Europe portals sold to rival

Announced just hours ago, North America and Europe MMO portal, gPotato, has been sold. The deal includes its parent company, Gala-Net, and its offices in the 2 locations. Gala-Net’s operations in Korea and Japan seems to remain intact as they were not mentioned. The buyer is none other than Webzen, which is expanding once again in 2013 after reviving a few years back

Galanet takeover signing ceremony

The deal, worth around 17.5 million USD according to Reuters, will give Webzen 100% control of Gala-Net and gPotato’s operations in North America and Europe. Webzen has already made its presence known on gPotato, with Continent of the Ninth Seal being published on the portal.


Update 1: As pointed out by Guzmán Díaz in the comments, the North America and Europe subsidiaries for Gala-Net have shrunk their revenues by over 40% year on year and have been registering losses during the first 9 months of 2012. The 17.5 million USD is hence an acceptable one, although the amount may look low from the outside.

Update 2: According to Japanese sources, Gala-Net Brazil is included in the deal as well.

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About the Author

Your average online gamer who is bilingual in Chinese and English, although he does try to play Japanese and Korean games sometimes. Online gaming since 1999, and has worked in the online gaming and mobile gaming industry (Journalist, Game Master, Community Manager, Operations Manager) since 2008.

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February 1, 2013 6:00 PM

Lets hope that this goes for the better.

February 1, 2013 7:08 PM

The actual value of the deal is KRW 19,115,697,625 which translates to around 17,500,000 USD.

I doubt Reuters is wrong, but it seems a rather low valuation… Let’s hope for the best!


February 1, 2013 7:22 PM

I was skeptical at the USD 17.5mil deal as well, hence I opted to bump it up to USD 175mil just in case the Korean reports got it wrong. If Reuters is reporting that, I think I should go with it.

February 1, 2013 8:06 PM

It all makes sense if you take a look at Gala Inc.’s latest financial report:

European and North American subsidiaries have shrunk their revenues by over 40% year on year and have been registering losses during the first 9 months of 2012.

February 1, 2013 8:19 PM

Ouch O_O

February 1, 2013 9:30 PM

Recently, Rappelz and FlyFF were closed in Latin America. The GM-Producer that was taking charge of the operations (he was left alone after other employees lay off), explained that Gala-net was going to continue publishing FlyFF in LatAm.

But there was clearly a lack of commitment and inversion from Gpotato to improve the service quality during 2012. In result, players saw lots of bugs and bots.

Now, these news doesn’t seem unexpected.

February 1, 2013 9:53 PM

Thank you for the insight.

February 1, 2013 10:08 PM

Based on their financial we can also assume most of the other subsidiaries are in red ink and based on the Japanese version they really needed the cash.
Their iOS game developed by someone else didn’t work well and they actually let people go in Japan saying they can’t pay them anymore (foreigners are the ones they let go, less impact on their brand image in Japan).
For US and EU it might be a good move if Webzen put efforts and money in it while for Gala Group I don’t see any future with the current strategy. They have… Read more »

February 1, 2013 11:26 PM

wait wut?
The financial report of GP provided by Guzman stats that as future effort Dragona online (develloped by LivePlex, also published by it then closed) is gonna have an english CBT during the 2nd quarter of 2013.
Thats quite some surprising news. Is Dragona gonna succed wherein it failed not that long ago?

February 2, 2013 6:00 AM

Interesting news, that why I visit MMOCulture everyday…

February 5, 2013 6:35 PM

What does it mean for Age of Wulin?

February 28, 2013 11:37 AM

Well, games on gPotato were dying one after another. Luna, Iris and Prius. And I’m sure Sevencore will die soon too. Rappelz is a mistery. It’s old, but it’s still alive after years. And it’s not that good. I just hope they still can bring Eternal Blade to light.

March 5, 2013 5:38 AM

Funny thing is Gpotato screwed up 2012 itself, people got hacked each day (Gm’s sold flyff’s American Database) and allot people got no help ore had to wait 8 months + to get their stuff back and people still are waiting to get stuff back…. and now like 2 months ago all Gm’s left Flyff america and europe took over after that no more maintenance no events and no help again even WebZen is silence, so wow so good WebZen took over and leaves the playerbases in the Dark, good job WebZen yor compagny is worse than Gpotato, iff… Read more »

April 29, 2013 4:26 AM

WEBZEN is going to ruin all these games like they have ruined the games that helped bring them to the top.

WEBZEN has virtually no support for any of their games, they take on project after project and have no management for any of it.The work load expected out of their workers is ridiculous.

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