Tag Archives: LINE

LINE IPO raises $1.1 billion


After putting its IPO plans on hold during the last two years, Japanese messaging service LINE finally had a successful debut on the New York Stock Exchange last week, raising $1.1 billion. This values the company at around $7 billion. Although LINE is not well-known in the US, the company enjoys massive popularity in Japan. Its messaging service was launched in the aftermath of Japan’s devastating earthquake and tsunami in 2011 to give people a reliable means of communication amidst damaged phone infrastructure nationwide. LINE quickly gained a following of more than 50 million people after its launch. Today, it has more users than Facebook or Twitter in Japan. LINE’s headquarters is in Tokyo, but the majority of the company is owned by Naver Corp., which is South Korea’s biggest search engine.

Top 20 Games Deals for December 2014

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
2$1,200,000,000Multimedia Games Global Cash AccessGamesAcquisition
3$970,000,000Twitch AmazonGamesAcquisition
4$885,000,000Big Fish GamesChurchhill DownsGamesAcquisition
5$165,000,000Bash GamingGSN GamesGamesAcquisition
6$120,000,000KabamAlibaba GroupGamesInvestment
7$110,000,0004:33 Creative Lab Line, TencentGamesInvestment
8$100,000,000DragonPlay Ltd.Bally TechnologiesGamesAcquisition
10$74,000,000FunPlus ConsortiumGamesInvestment
11$70,000,000FanDuel ConsortiumGamesInvestment
15$34,500,000Azubu Sapinda GroupGamesInvestment
16$30,000,000Social Point Highland Capital Partners Europe, IdinvestGamesInvestment
17$21,500,000JoymeFosun Capital Group,BlueRun VenturesGamesInvestment
18$20,000,000Playstudios ConsortiumGamesInvestment
20$18,000,000MachinimaWarner Bros. EntertainmentGamesInvestment

More information

  1. Minecraft’ Developer Mojang Acquired by Microsoft for $2.5 Billion as Notch Moves On (TouchArcade)
  2. Global Cash Access to Acquire Multimedia Games (Owler)
  3. THE NEWS WRAP: Amazon acquires game streaming platform Twitch for $970 million (StartupSmart)
  4. Big Fish Games to be acquired for $885 million by racetrack operator Churchill Downs (Geekwire)
  5. GSN’s $165M Bash Gaming Acquisition Nets 100X Return For Investors (TechCrunch)
  6. Kabam to Receive $120M Investment from Alibaba Group (FinSMEs)
  7. Line And Tencent Pour $110M Into Korea’s 4:33 Creative Lab Games Studio (TechCrunch)
  8. Bally Technologies acquires DragonPlay for $100m (Globes)
  9. Mobile Game Developer LineKong Rakes in $80 Million of Series C Funding (Technode)
  10. FunPlus Raises $74M in Venture Capital Financing (FinSMEs)
  11. FanDuel Raises $70 Million as Daily Fantasy Sports Battle Heats Up (Wall Street Journal)
  12. Gumi raises $50M, partners with Sega Networks in next step toward digital entertainment domination (TechInAsia)
  13. DraftKings, a Fantasy Sports Site, Raises $41 Million (NY Times DealBook)
  14. Scopely Raises $35M For Its Mobile Gaming Platform (TechCrunch)
  15. Twitch, MLG.TV e-sports rival Azubu secures $34.5M in latest funding round (VentureBeat)
  16. Social Point Raises $30M in Funding (FinSMEs)
  17. Mobile Game Portal Joyme Gets $21.5 Million Series B Funding (TechNode)
  18. Playstudios Secures $20M in Series C Financing (FinSMEs)
  19. Xiaomi invests $20 million in Kingsoft-owned online gaming company (Tech in Asia)
  20. Gaming video site Machinima confirms $18M round (Venture Beat)

Messaging apps are the future of social


The rise of smartphones has contributed to the phenomenal rise of messaging apps. According to intelligence data from the Business Insider, WeChat, LINE, WhatsApp, and Snapchat are all growing their user numbers in 2014 at a quarterly rate of 15% or higher. Facebook-owned WhatsApp has the highest number of users at 500 million, followed by rivals WeChat, LINE, and Facebook Messenger. It’s also interesting to note that messaging apps are becoming the new hub for social interaction. In fact, according to a report by Forrester Research, it is predicted that messaging apps will soon become the new pivot point of social media, with a potential to become powerful digital gateways that integrate social media, ecommerce, location-based services and payment services. It’s no surprise that acquisitions and investments in the mobile messaging space continue to increase. In October, Yahoo acquired MessageMe for a rumoured $30-40 million and invested $20 million in Snapchat. And today, formidable player Kik, a Canada-based messaging app, has raised a $38.3 million Series C funding round and acquired Relay, a mobile messaging service.

You can read about Kik’s funding here.