Game developer Lionheart Studio's value grows 25 times in three years Kakao Games' European subsidiary purchases 30.37% stake, valuing the firm at $1.27 bil
Translated by Kim So-in 공개 2021-11-03 08:05:58
이 기사는 2021년 11월 03일 07:52 thebell 에 표출된 기사입니다.
A valuation of Lionheart Studio, South Korean game developer behind the blockbuster mobile game “Odin: Valhalla Rising,” has increased by more than 25 times in just three years.Kakao Games, the video game publishing unit of tech giant Kakao, said on Monday that it agreed to buy a 30.37% stake, or 225,260 shares, in Lionheart Studio through its European subsidiary. Kakao Games will become the largest shareholder of Lionheart Studio, with a total stake of nearly 52% once the deal closes.
The deal has valued Lionheart Studio at 1.5 trillion won ($1.27 billion), up more than 25 times compared to 60 billion won when the game developer raised 5 billion won from Kakao Games for the first time in August 2018.
Two years after the first fundraising, Lionheart Studio received an additional 13.8 billion won from Kakao Games in the first half of 2020 in a deal which valued the company at 100 billion won.
The sharp rise in the valuation is attributable to the popularity of the blockbuster mobile game “Odin: Valhalla Rising.” Odin topped Apple’s App Store on the first day of its launch and topped Google Play on the fourth day, beating NCSoft’s Lineage M and Lineage 2M.
Kakao Games will make a 450 billion won advance payment, and the final acquisition price will be decided based on Lionheart Studio’s performance from July 1 to June 30, 2022. Kakao Games will make an additional payment if Lionheart Studio’s performance exceeds the target the two sides have agreed on.
The agreement suggests that both the seller and the buyer assume Odin’s performance to exceed their expectations given that the title is set to be launched in Taiwan and Europe. (Reporting by Sang-woo Seong)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- '재무개선' AJ네트웍스, 조달비용 '확' 낮췄다
- '9년만에 엑시트' 한앤코, 한온시스템 거래구조 살펴보니
- 한국타이어앤테크놀로지, 한온시스템 인수한다
- [수술대 오른 커넥트웨이브]2대주주 지분매입 나선 MBK, 주식교환 카드 꺼냈다
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”