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Sunday, October 17, 2010
Recently-Acquired Ngmoco Accumulated Losses of $13.36m In 2008, 2009
Japanese social game company DeNA acquired CA-based iOS developer and publisher Ngmoco this week for up to $403 million. Now publicly-traded DeNA has revealed that Ngmoco’s losses more than quadrupled from its inception in 2008 to 2009. Documentation on DeNA’s Japanese investor website [PDF] (unearthed by Mobile Entertainment) show that the Rolando, We Rule and [...]
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