Japan-based gaming company Dena has taken a 20% stake in Japan-based games developer Cygames for about Y7.4bn ($92.1m).
DeNA said it expects to complete the acquisition from Cygames’ current majority owner CyberAgent, a Japan-based gaming company, and Cygames’ board members on December 28, 2012. Last year CyberAgent started Cygames with Y50m in capital
DeNA also plans to take a seat on Cygames’ board.
Cygames and DeNA formed a strategic alliance in February 2012.
Cygames’ Rage of Bahamut game has ranked number one on the charts of Google Play and the Apple App Store in the US.