Battle royale game PUBG: BATTLEGROUNDS creator KRAFTON, Inc., recently announced that it has acquired 5minlab, South Korea-based game developer best known for the globally popular PvP action game Smash Legends, available on iOS, Android and Steam. . This acquisition supports KRAFTON’s goal of strengthening its plans for the game.
KRAFTON acquired 100 percent of 5minlab’s shares for $19.9 million via contingent payment. 5minlab was founded in 2013 and has proven experience developing and delivering cross-platform games such as Adventure in Como, Brickscape and Express Thru, including Smash Legends.
KRAFTON, Inc. “Given how 5minlab has taken on bold challenges and grown significantly since its founding in 2013, KRAFTON believes we share many of the same goals and aspirations when it comes to game development,” CEO CH Kim said. “With KRAFTON, we are securing an independent studio with leading developers with excellent technical skills. With our support, we hope to foster 5minlab’s ability to create exciting new games.” he finished.
Moon-hyoung Park, CEO of 5minlab, said, “As well as being a Korea-based game company with global success, KRAFTON’s commitment to powering its technology and expanding its game development capabilities continues.” We believe KRAFTON’s global operations experience and technology will help solidify KRAFTON’s competitive advantage. We look forward to seeing the extraordinary experiences we create together.” he ended his speech.
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