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Business deals

Netmarble to acquire casino game maker SpinX for $2.2bn

South Korean developer seeks to diversify portfolio amid global expansion

South Korean online game developer Netmarble is spending big to strengthen its global business.   © Reuters

SEOUL -- Online game developer Netmarble has agreed to acquire Hong Kong-based casino game company SpinX Games for $2.2 billion, in what is being described as the biggest overseas merger and acquisition deal by a South Korean game company.

Netmarble said Monday that it had agreed to buy 100% of Leonardo Interactive Holdings, the parent of SpinX, to diversify its game portfolio as well as strengthen its global business. Netmarble is one of the biggest online game companies in South Korea, along with NCSoft, Nexon and Krafton.

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