by Stacy Jones on Oct 01, 2010
Korean developer and publisher Gravity has expanded its MMORPG library with the recent acquisition of a 50.8% controlling stake in Dragonica developer Barunson Interactive. The transaction is expected to conclude on October 25th, 2010 and add Barunson Interactive's game catalog to Gravity's online gaming portfolio.
Mr. Toshiro Ohno, the President and CEO of Gravity, commented, "We expect this transaction will create significant value for Gravity and its shareholders as Barunson Interactive has talented online game developers with great experience. We believe it represents an important step forward to secure continuous profit by diversifying our revenue source and create synergy from the two companies online game development teams."