GREE, Japan’s leading mobile social gaming platform, today announced its entrance into the global market with the acquisition of OpenFeint's outstanding securities for US $104 million, plus additional capital for accelerated growth of the OpenFeint platform.
GREE is a popular Japanese social networking service and is said to be the largest social network in Japan with over 25 million users and a market cap of $3 billion. The acquisition brings in OpenFeint's 75 million users across Android and iOS.OpenFeint began as a two-person iOS gaming company called Aurora Feint. Aurora Feint launched on the first day of the App Store's release with a free game game called Aurora Feint: The Beginning. That game was very well received but they soon branched off to become a social gaming network, providing high score systems, achievements and more.
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