It’s been a bustling time for acquisition news in the past half a year or so with the popularity and success of mobile gaming rocketing through the roof and mobile gaming companies making moves to put themselves in the best position to ride the wave of continued growth. The big news last fall was developer Ngmoco being purchased by Japanese-based DeNA to the tune of $400 million. Around that same time Chillingo was purchased by EA, later in the year Zynga acquired NewToy, and back in January Firemint acquired fellow Australian developer Infinite Interactive.

All of this activity left everybody wondering what the next big acquisition would be on the mobile scene, and today we learn that the extremely popular mobile social network OpenFeint has been purchased by Japanese company GREE.

OpenFeint has grown by leaps and bounds since first being founded in August of 2008. While it rapidly became the dominant social platform for iOS gaming, it expanded its reach by extending to the Android platform and currently maintains a userbase of more than 75 million players across both mobile operating systems. OpenFeint is used in more than 5000 games and has over 19,000 registered developers, and is the largest mobile social network in the US.

Japanese-based GREE is the leading social platform for mobile in Japan with a userbase of 25,000 players, and is the fastest growing technology company in that country. The two company’s combined user base of 100 million positions them as the largest mobile gaming social network in the world.

Despite the purchase, it appears that OpenFeint will continue to operate much as it always has. The entire OpenFeint team and Founder/CEO Jason Citron (pictured right) will retain their roles with the company, and their plans to open additional offices internationally and double their current staff in 2011 will continue.

This purchase gives GREE a quick entry into the US market with an already established company, and OpenFeint will benefit from GREE’s additional expertise at developing and expanding social gaming platforms. GREE has purchased OpenFeint’s outstanding stock for $104 million, but will contribute additional capital beyond this towards improving and growing the existing OpenFeint service.

There are currently no plans to merge the OpenFeint service with GREE’s to create one uniform service, rather they will tailor each of their products to specific regions. We expect to hear much more about the future plans of OpenFeint post-acquisition and we’ll bring you any new developments as they happen.

Congrats Jason!

  • Anonymous

    Gree adverts are on Japanese TV all the time.

    From what I've seen they mainly deal in terrible looking free games for Japanese dumbphones.

    http://www.youtube.com/watch?v=fuF4s8r21pk -- example

  • Adams Immersive

    I expected OpenFeint to be quickly phased out when Game Center came along, and I’m glad it hasn’t been; they really filled a need well for some time, and deserve continued success! Plus, OF supports older hardware than GC does, and coexists just fine with GC. Win-win.

  • Icepulse

    It's gonna take a LOT of in-app ads to pay for THAT mistake, Gree.

  • http://www.minimaxir.com/ Max Woolf

    Anyone remember Aurora Feint and how it was the "killer app" of the App Store? Good times.

  • Jim

    Oh kay. Somehow this reminds me of Fox purchasing MySpace just after the mass migration to Facebook. Regardless, congrats Jason.

    • Shakra

      Fox bought myspace before facebook even existed

  • http://twitter.com/Gameprom Gameprom

    Congrats Jason!

  • Lukwtwz

    Maybe now, locals might stand a chance of noticing the leaf logo in addition to the official JCS typeface on the shirt that has already caused so many women to swoon.

  • Anonymous

    Maybe I am the minority,but I generally come here for game previews, reviews, news for iOS. I expect articles like this on Engadget or maybe Joystiq. There aren't tons of them, it's just I've noticed them this week, and some of them I was glad to see like the A5 story. Not outright complaining, just curious if a decision was made to cover more than just games?

    • http://toucharcade.com Eli Hodapp

      We've always covered relevant iOS gaming related news as well as the actual games themselves. You said yourself you come here for "game preview, reviews, and news for iOS." This is news for iOS.

      • Anonymous

        True enough. Maybe it's just because I've never heard of Gree that due to my ignorance, I don't know this is a big deal.

        I will say that I, as someone else posted, am surprised Open Feint is still apparently doing well in spite of Game Center. Game Center is all I can get my friends to link up on, because it just feels like Xbox Live for the iPhone to them. I don't have any actual friends on any of my Open Feint, ngmoco, etc accounts.

  • FreeFrog

    Hmmm...GREE's 25,000 users doesn't strike me as a big enough number to be called a "leader" in social gaming. Maybe that's a misprint.

  • Niall Nom

    Gree is the word

  • Anonymous

    Hello, jason, it was nice looking work has been done by you, i really like that 
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