DeNA to Acquire Punch Entertainment's Vietnam Studio
TOKYO, JAPAN - September 12, 2011 - DeNA Co., Ltd. today announced plans to acquire Punch Entertainment (Vietnam) Company Limited, a Hanoi-based game studio, currently owned by California-based Punch Entertainment, Inc. The transaction is expected to close in September. Punch Entertainment Vietnam will provide engineering support to DeNA's first-party game development team for Mobage (pronounced moh-bah-geh) social mobile gaming network, first in Japan and later in other territories.
"Punch Entertainment Vietnam is an excellent addition to DeNA's first party game development team with its proven track record of developing cross-platform social games," said Isao Moriyasu, President of DeNA. "We believe the acquisition will significantly accelerate DeNA's game development and deliver high-quality social games for the Mobage platform. The acquisition also underscores our commitment to support the game developers' community in Vietnam. "
For the last six years, Punch Entertainment Vietnam has developed games on multiple platforms, including iOS and Android titles, for major publishers in the U.S. as well as other countries. This acquisition will add approximately 50 staff to DeNA's first-party team; DeNA plans to expand Punch Entertainment Vietnam in the coming years.