Yahoo Japan, GREE confirm mobile games joint ventureFebruary 18, 2013 - 15:03 AMT PanARMENIAN.Net - Japan’s mobile games firm GREE announced a wide-ranging deal with Yahoo Japan back in November 2012, and now the two companies have confirmed that they will open a joint-venture focused on developing social games for smartphones next month, The Next Web reports. Tentatively called ‘GxYz’, the new entity is set to open its doors on March 15 and is backed by 200 million JPY (around $2.2 million) in investment from the duo. The JV, which GREE is taking a 51 percent share in, is designed to build on the successes of both companies — GREE as a top mobile games platform in Japan, and Yahoo Japan as the country’s leading Web content firm — as the announcement explains: Through the establishment of GxYz, the two companies aim to strengthen their smartphone social gaming business partnership, combining the user acquisition capabilities of Yahoo! JAPAN with the social gaming development and operational expertise of GREE, while developing exceptional social games that will open up new possibilities in the game development business. A GREE representative confirmed that, as is expected, the joint-venture “will be focused on the Japanese market”. While no upcoming titles have been confirmed at this point, we’re told that “several” games are expected to be released within the year. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. Aliyev travels to Turkey at Erdogan's invitation On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. CSTO budget “to be adjusted due to Yerevan’s non-payment of contributions” The CSTO budget for the current year requires adjustments due to the refusal of Yerevan to pay their share of contributions. Russia sends note of protest to Armenia over envoy’s trip to Ukraine’s Bucha Russia has sent a note of protest to Armenia over the visit of Vladimir Karapetyan and Tigran Ter-Margaryan to Bucha. |