DeNA to Buy Ngmoco for $403M

10/12/10Follow @wroush

San Francisco-based iPhone game developer Ngmoco confirmed today on its blog that it will be acquired by DeNA, Japan’s largest maker of mobile games. DeNA said it would pay $403 million for the startup, making it one of the most lucrative exits ever for an iPhone app developer. Ngmoco said it would introduce a Western version of DeNA’s Mobage social games network, and that it also plans to release Android versions of its popular iOS games, such as Freeverse, Miraphonic, and Stump Town. Ngmoco had raised about $35 million in venture and angel financing from Floodgate Fund, Institutional Venture Partners, Kleiner Perkins Caufield & Byers, and Norwest Venture Partners, according to VentureWire. Another investor: Google Ventures, where the acquisition is an especially big deal, as it represents the Google fund’s first exit.

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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