Acquisitions Continue...
Before reading this article this represents one example of the potential for DNAD. Now take into account any title, game, gaming, business application they develop will be usable across a multi tier of platforms. This is getting hotter by the second.
My current target market cap conservative value of 10 million based on current titles and intellectual property is way low. Imagine how quick DNAD will be able to respond to changing expectations, demands, and fads.
This is a long term keeper. My shares are tucked away for safe keeping away from the everyday static of the markets, be it bashers, mm's tricks, shorters, and shakedowns.
The revenue streams are growing as the sector is becoming hotter every day. You can see where this is going and DNAD is right smack(slam) in the middle!! Perfect place, perfect timing, and we my dear folks are right on ground floor stages.
Imagine how hot this is going to be by the holidays.
Board the train sirs, it is about to leave the station....
Gree Inc: To Acquire US-Based Social Gaming Company OpenFeint For $104 Million
Gree Linc. (JSX:3632)
Intraday Stock Chart
Today : Friday 22 April 2011
Gree Inc. (3632.TO) said Friday it has signed a deal to buy OpenFeint, an U.S.-based mobile game platform operator, for $104 million.
Gree, a major social networking and gaming service with about 25 million users in Japan, said it will acquire all the shares of OpenFeint, which has about 75 million users around the world for its gaming platform for smartphones.
"We see an opportunity for further growth in overseas businesses with smartphones," Gree said in a statement Friday.
Although Gree isn't merging its service with OpenFeint into a single global platform, the two platforms could collaborate by, for example, sharing applications or jointly developing games, Gree spokeswoman Reina Mito said.
Japanese game developers looking beyond Gree's platform for overseas opportunities may also benefit by supplying games to OpenFeint's platform, she said.
The acquisition is part of Gree's strategy to aggressively seek overseas expansion through tie-ups and acquisitions.
In January, the company set up Gree International, a U.S. unit. Also in January, Gree agreed to a tie-up with Tencent Holdings Ltd. (0700.HK) to help the Chinese Internet service giant develop a social gaming platform for smartphones.
Gree said its partnership will allow game developers that currently work with Gree's platform to deliver games to Chinese users via Tencent's new platform.
-By Juro Osawa, Dow Jones Newswires; 813 6269 2794; juro.osawa@dowjone
