Com2uS acquires 57% stake in local game developer Allm

2021.02.02 15:45:36 | 2021.02.02 15:45:58

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Kosdaq-listed mobile game publisher Com2uS Corp. has bulked up by acquiring a 57% stake plus management rights in local game developer Allm Corp. just months after it took over German sports game company Out of the Park Developments in October last year.

Established in 2000, Allm is a mid-sized game developer which is best known for “Kritika Online”. “Kritika Online” has attracted 20 million users from more than 70 countries since its release in 2013. The game has also been in service for more than six years in China, the world’s biggest online market under partnership with Tencent. In 2019, the company released “Kritika: REBOOT” on the world`s biggest video game distribution platform Steam and topped the seller charts.

The latest acquisition will enable Com2us to gain access to Allm’s game-developing capabilities, IP rights for its popular games, and mobile games of its subsidiary Funflow. Com2us will closely cooperate with Allm in the development and global release of its new game and at the same time actively collaborate with Funflow, which is currently working on a new character-collecting mobile RPG based on the IP rights for “The Walking Dead” owned by Com2us.

“We will make sure Funflow goes on developing unique contents together with Gamevil which will be in charge of global publishing,” the company said.

Com2us plans to continue to secure new growth engines through M&As of promising game and content developers at home and abroad.

Shares of Com2us ended Tuesday 0.6 percent up at 159,900 won.

By Lee Yong-ik and Lee Soo-min

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