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"Japanese mobile gaming company GREE has extended its recent run of acquisitions, today announcing that it has bought Korean social game developer\u00A0Paprika Lab, acquiring all of the company's shares for an undisclosed amount.\r\n\r\nHaving worked with the company in the past, GREE has said it will incorporate Paprika Lab's social gaming portfolio into its 'GREE Platform', including the popular Facebook game HeroCity, which boasts more than 150 million monthy active users.\r\n\r\nGREE Platform launched in May 2012, strengthening GREE's worldwide development efforts. As VentureSquare reports,\u00A0the company hopes to use the company's skilled developers and its own experiences with Japan's mobile social games to turn it into a successful and global mobile social game platform service.\r\n\r\nJust last month, GREE announced it had purchased\u00A0US-based social game developer Funzio for $210 million. The\u00A0acquisition\u00A0signalled its efforts to\u00A0appeal in Western countries and produce more of its own titles,\u00A0eyeing the North American market and other new growth opportunities having already established itself in its homeland.\r\n\r\nGREE's Funzio acquisition cleared at the end of May, and the company says that the transaction of Paprika Lab shares will be completed by June 22."^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2012/06/07/japans-gree-acquires-korean-social-gaming-company-paprika-lab/>