Ragnarok maker Gravity to get majority interest in Dragonica developer

posted by: Sky_Shaker Tue 28th Sep 2010

Ragnarok maker Gravity to get majority interest in Dragonica developer

Online games developer and publisher Gravity Interactive announces a signed agreement on September 28th, 2010, to acquire a 50.8% equity interest in Barunson Interactive Co., Ltd. also an online game developer.

The deal will set Gravity back approximately $10.1 million dollars. They expect the transaction to close around October 25, 2010, depending on regulatory and customary approval procedures. When all is said and done, Gravity will gain control over the management team of Barunson Interactive. They will also be in a position to spots of Barunson Interactive. Gravity released in a statement that the purpose of the transaction is to "strengthen its online game development capabilities and secure a quality online game line-up".

Barunson Interactive was founded in 2003 and currently has two massively multiplayer online role playing games ("MMORPGs) commercially offered, Dragonica and Dragonraja, and one MMORPG under development. Dragonica, a three-dimensional side scrolling MMORPG, is commercially serviced in 10 countries including China, Japan and European countries. Gravity entered into a license agreement for Dragonica in the United States and Canada on August 17, 2010.

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