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Anil Ambani-led Reliance Big Entertainment has expanded its international mobile gaming business by making buyouts in Japan and Korea.
The company’s gaming business Reliance Games has acquired 100 per cent stake in a Japanese mobile games development and publishing firm Funel and a 51 per cent in Bhusan-based Bluesom Inc.
Reliance Entertainment has also acquired a few intellectual properties of the Korean firm as a part of the deal.
The company has not disclosed any financial details of the two acquisitions.
The Japanese and Korean business set-ups give Reliance Games direct access to the two largest mobile gaming markets known to the world.
Two-pronged strategy
The company aims to adopt a two-pronged approach for the new set-ups; while the Japanese and Korean facilities will develop IPs targeted to local consumers, in future they will also be responsible for R&D of multi-player mobile games for the western markets.
Manish Agarwal, CEO, Reliance Entertainment Digital, said: “This acquisition will help us tap the $5.5-billion and $1.3-billion mobile gaming markets of Japan and Korea respectively.’’
It will also enable Reliance Entertainment Investment to develop games for local markets instead of trying to force fit western games in these markets, he added.
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