Mobile Games Firm

Mobile Games Firm Monstermob Acquires China's ATOP for $100 Million

Authored by Mark Hefflinger on August 22, 2005 - 7:50am.

London -- Monstermob, a U.K.-based provider of ringtones and games for mobile phones, announced that it has agreed to acquire ATOP Century Ltd., a China-based content provider, for approximately $100 million. Monstermob, which is listed on the London Stock Exchange's Alternative Investment Market (AIM), said the deal would give the company a strong foothold in the growing Chinese market, where mobile-phone users are expected to grow from 345 million to 570 million over the next three years. "The ATOP transaction marks our largest acquisition to date and is a great entry point into the rapidly growing Chinese mobile content market," said Monstermob Chairman Hans Snook. News of the ATOP deal comes only two months after Monstermob raised $36 million in a share placing for overseas acquisitions.

tags: Deals | Monstermob | China's ATOP | Mobile Games Firm |

Atlus Invests $5.6 Million in Japanese Mobile Games Firm BBMF

Authored by Mark Hefflinger on September 28, 2004 - 9:03am.

Tokyo -- Atlus, a Japanese developer of games for PlayStation 2 and cell phones, announced on Tuesday that it has made an equity investment of $5.6 million in Japanese mobile game developer BBMF Corporation, increasing its stake to 9.4% of the company. Under the agreement, BBMF will also purchase Atlus' Japanese mobile game distribution business for about $2.7 million, and acquired a 10-year license to use Atlus' mobile games and trademark.