San Francisco based iOS game developer ngmoco could be the subject of a $400m takeover by Japanese gaming outfit DeNA according to TechCrunch’s Mike Arrington.
Ngmoco (Next Generation MObile COmpany) is famed for its iPhone and iPad games, with hits such as Rolando and Star Defence, and is now looking to expand into the Android arena more aggressively. Their past success has seen them raise nearly $40m in funding to date and their string of hits shows no sign of slowing. Arrington says ngmoco have yet to respond to questions about the DeNA interest but his sources are saying a $400m deal could be in the pipeline.
DeNA itself is no stranger to takeovers, recently buying out two companies. Gameview, a mobile gaming studio and Astro Ape, a social game outfit have recently seen the Japanese company throw money at them. Could ngmoco be next? The kind of numbers thrown around are remarkable for a company only founded just over 2 years ago, once again showing mobile is where the money is these days.