Game publishers Netmarble have announced they have acquired mobile gaming company SpinX Games. This will see Netmarble acquire 100% of their shares for $2.19 billion.
SpinX Games is the World’s Third-Largest Mobile Social Casino Game Company and are best known for games such as Lotsa Slots, Jackpot World, and Cash Frenzy.
Seungwon Lee, CEO of Netmarble, said in a press release:
“The Social Casino genre shows continued global growth, and we are very excited to execute a share purchase agreement with SpinX Games, one of the leading companies in the genre. Through the acquisition, Netmarble will add the Social Casino genre alongside its existing main genre of RPG to further strengthen its lineup of casual games. With this diversified portfolio, we expect to fortify our competitive edge in the global mobile gaming market.”