GREE to invest in UltiZen Games

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GREE, Japan’s leading mobile social gaming platform, has entered into an agreement to acquire 1,400,000 common shares (equivalent to 5.1% of voting rights) of UltiZen Games Ltd from existing shareholders. GREE’s investment benefits its partners looking to expand globally by giving them access to UltiZen Games’ best-in-class development and outsourcing capabilities.

With offices in Shanghai, Beijing and other Chinese cities, UltiZen Games provides both art outsourcing and game development services, which were key factors behind its partnership with GREE, since July 2011. The investment will not only strengthen the partnership financially, but will help to enhance the content and quality of GREE’s mobile social gaming network as it plans to accelerate its global expansion.

The art outsourcing service and game development service are being undertaken by Link China Entertainment Co Ltd, which has a business collaboration with Ultizen Games (Shanghai), a wholly owned subsidiary of UltiZen games.