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Mobile games

Korean mobile game developer buys out German rival

Oct 12, 2020 (Gmt+09:00)

South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports game portfolio and increase its global footprint.

Com2uS, listed on the junior Kosdaq market, bought a 100% stake in Out of the Park Developments (OOTP), renowned for its Out of the Park Baseball and Franchise Hockey Manager games in North America, the Korean company said on Oct. 12. The value of the deal was not disclosed.

“The OOTP acquisition will strengthen our development capabilities for sports management games,” said a Com2uS source. “We will also drive the global market expansion of OOTP’s games and develop its mobile versions.”


The purchase marked the Korean company’s fourth buyout this year, following its recent aquisition of some contents companies, including Skybound Entertainment in the US, which produced The Walking Dead TV series.

Com2uS’s popular Summoners War game, released in 2014, hit 116 million cumulative app downloads as of the end of June. It posted the biggest revenue from app stores in 87 countries, including France, Germany and South Korea.

But it has yet to roll out a new game as popular as Summoners War.

“We will continue to invest in promising companies both at home and abroad to secure growth engines and step up global expansion,” said the Com2uS source.

With a market value of 1.5 trillion, the company gained 2.1% to close at 119,000 won on Monday.

Write to Joo-wan Kim at kjwan@hankyung.com

Yeonhee Kim edited this article.

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