Join gaming leaders online at GamesBeat Summit Next this upcoming November 9-10. Learn more about what comes next.
Mobile games are serious business. That’s probably why serious Japanese telecommunications company SoftBank just purchased a huge amount of shares in Puzzle & Dragons developer GungHo Entertainment.
SoftBank paid $265 million to acquire a 58.5 percent stake in GungHo. Puzzle & Dragons was the highest-grossing mobile game on both Android and iOS in February. This is largely due to its success in Japan. With its 10 million players, it’s possible that Puzzle & Dragons could become the first mobile game to earn $1 billion.
Puzzle & Dragons is a puzzle role-playing game that combines match-three mechanics with Pokémon style gameplay and art. It’s primarily responsible for pushing GungHo to the top of the highest-grossing developers list on Android and iOS (where it is No. 2).
Three top investment pros open up about what it takes to get your video game funded.
GungHo fits with SoftBank’s recent ambitions to take the spot as Japan’s biggest mobile-Internet company. The corporation deals in broadband, media, marketing, and now … Puzzles & Dragons. SoftBank is targeting $10 billion in annual revenue.
GamesBeatGamesBeat'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