Developers and releases mobile games famous PUBG, Krafton, officially announced its return to acquisition game developers other. Krafton's acquisition of shares from the developer is reversed games Smash Legend namely 5minlab with a total stake of $19.9 million USD.
Previously, Krafton acquired another company in 2021, namely Unknown Worlds. 5minlab is the second company that Krafton has acquired in the last few months.
Companies that previously used Bluehole are enterprises video games from South Korea who is famous for developing TERA and PUBG: Battlegrounds. Krafton acquisitions of other companies have also intensified in recent years.
Krafton Acquires 5MinLab
Announcement Krafton the acquisition of 5 MinLab was announced last Monday, February 14, 2022. Video maker battle royale games PUBG: BATTLEGROUNDS and New State, aim to support Krafton's goal of strengthening related capabilities games.
5minlab itself is game developers (game developer) based in the same South Korea as Krafton.
Developers games it is known globally games Smash Legends, a action games PvP. You can play Smash Legends on smartphones Android and iOS OS and Steam.
5minlab was founded in 2013 and has proven experience in developing and servicing cross-platform games such as Smash Legends as well as Como in Adventure, Brickscape and Express Thru.
The total shares that Krafton acquired were 100% of the total shares owned by 5minlab, and 5minlab earned revenue of $19.9 million USD from the total shares acquired by Krafton.
CH Kim, as CEO of Krafton, Inc. said, “Based on how 5minlab has faced bold challenges and grown significantly since its founding in 2013, Krafton believes that we share many of the same goals and aspirations when it comes to developing games,”
“Through the Krafton acquisition of 5minlab, development games will grow even more because of getting an independent studio with amazing developers who have very good technical skills. With our support, we only hope to fuel 5minlab's ability to create exciting new titles."
Moon-hyoung Park, as CEO of 5minlab, welcomed Krafton's efforts to acquire his company. The acquisition is expected to develop the potential of both companies under development games to get ahead.
The CEO of 5minlab added that Krafton is a company games who has besides being a representative of the company games South Korea has achieved global success so market expansion for 5minlab will be even better.
5minlab certainly supports Krafton's commitment to strengthen its technology and develop development capabilities games will grow.
It is hoped that the Krafton acquisition of 5minlab will create variety games which are more varied with higher quality, bearing in mind that 5minlab's extensive experience in the field of technology development and global operations technology will help KRAFTON strengthen its competitive advantage.
Companies that Krafton Previously Acquired
Last October 2021, Unknown Worlds also acquired Krafton. Unknown Worlds is the sixth studio that Krafton has acquired in the past few years and with the addition 5minlab adds to the company under the Krafton acquisition.
Unknown Worlds is a game development studio most famously known as Subnautica, which launched in early access in 2014 and has sold over 5 million units as of January 2020.
Studio game developers This has also been released games others like Natural Selection 2, and earlier this year released a sequel. to Subnautica, called Subnautica: Below Zero. Krafton apparently intends for the studio to diversify the company's IP portfolio.
It is not yet known what Unknown Worlds will develop under the auspices of Krafton and the results of this acquisition. The news heard that Krafton is only developing games which is planned to be launched in early 2022.
There have been 6 companies (studios) that Krafton have acquired, namely: PUBG Studio, Bluehole studio, Risingwings, Striking distance studios, Dreamotion, and Unknown Worlds.
The studios are known for variety games outstanding. It is certain that Krafton will continue to grow and the possibility of Krafton acquiring other companies in the future will be even higher and more intense.
The existence of this acquisition also shows that Krafton's development continues to accelerate even though it is being hit by problems, namely the blocking in India and also problems with Garena. Krafton itself is in trouble with Garena, the Free Fire release company. The company sued Free Fire for plagiarism games PUBG: Battlegrounds in all components from graphics to gameplay.
Also read: Latest News and Updates India blocks Free Fire
Krafton Plans Develop Metaverse
Krafton acquisition of other companies also followed with plans the company plans to build platforms Metaverse.
This development collaboration was carried out together with NAVER Z, the operator platforms ZEPETO's leading Asian metaverse, which is said to have attracted more than 290 million users worldwide.
ZEPTO is a virtual world that allows users to interact with each other through 3D avatars using AR technology.
Krafton's acquisition of these studios is intended and related to Metaverse's development plans.
Krafton intends to develop user-generated content creation and virtual worlds using Epic Games' Unreal Engine, while NAVER Z will be responsible for managing Metaverse services plus community and social services.
The partnership between the two companies is underpinned by each company's unique expertise and share a global focus as they look towards a future driven by NFT and Metaverse.
Metaverse is a 3D virtual space where users can socialize, play and work where all users will meet and connect around the world via the internet.
Tech companies are betting big on the development of the Metaverse. These companies are Microsoft, Epic Games, and Bandai Namco.
NFT (Non-Fungible Token) is a unique unit of data that cannot be exchanged. NFTs are stored in blockchains which effectively enables users to own, buy, and sell digital items such as in-built items games or works of art.
Many game companies have also started selling digital items as NFTs, such as Ubisoft and Konami. Square Enix is also reported to have expressed its enthusiasm for this technology trend and will join in on the competition.
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