Join gaming leaders, alongside GamesBeat and Facebook Gaming, for their 2nd Annual GamesBeat & Facebook Gaming Summit | GamesBeat: Into the Metaverse 2 this upcoming January 25-27, 2022. Learn more about the event. 


Japanese mobile social network Gree has acquired Funzio, a fast-growing maker of hardcore mobile and social games, for $210 million.

Funzio has the rare distinction of having three games that have all garnered big audiences. Over the weekend, as we noted in our story earlier today, Funzio’s three games were all in the top 25 grossing apps on Apple’s AppStore.

Gree is a billion-dollar-plus company in Japan with more than 50 million users who play games on its mobile social network. It is in the midst of expanding into the U.S. market and plans to launch its platform in the second quarter.

Event

The 2nd Annual GamesBeat and Facebook Gaming Summit and GamesBeat: Into the Metaverse 2

January 25 – 27, 2022

Learn More

Funzio calls its titles “mid-core” games that are hardcore in terms of subject matter but can appeal to a wider audience that plays for a shorter period of time. The company’s three hit games are Crime City, Modern War, and Kingdom Age. Kingdom Age got more than 1 million users in its first five days on the App Store.

Ken Chiu, chief executive of Funzio, and Anil Dharni, chief operating officer, will join Gree as senior vice presidents. Funzio executives Ram Gudavalli and Andy Keidel will join Gree as vice presidents.

GamesBeat

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member