Published on February 1st, 2017 | by cinderboy3
Bluehole Studio – Korean developer receives new multi-million investment
Earlier today, it was announced Bluehole Studio (developer of TERA) has received a new investment from Neptune Company, a lesser-known South Korean mobile games developer, spent 5 billion Korean Won (around USD 4.3 million) to purchase a 2.4% stake in Bluehole Studio, equaling to 166,666 shares. The deal is reportedly to “secure strategic partnership” between the companies.
Neptune Company itself also received a 10 billion Korean Won (around USD 8.6 million) investment from Kakao Games and Kakao Game Growth Share Fund. They are the subsidiaries of Kakao, one of the biggest mobile messaging and game companies in South Korea. Neptune Company will expand its business by acquiring new studios and invest in popular IPs for game development.