Nexon Invests in Shares of the Spanish Game Developer BoomBang Games
? Nexon Co., Ltd. Acquired 32 Percent of the Shares of
BoomBang Games, a Flash Game Developer Based in Spain
? The Investment Was Made to Reinforce the Lineup of Community
Games and to Strengthen the Overseas Business in South America
TOKYO--(BUSINESS WIRE)--Nexon Co., Ltd. (?Nexon Japan,? CEO Seung Woo Choi) announced on Oct. 5
that it invested in the Spanish developer BoomBang Games S.L., acquiring
32 percent of its shares.
Established in 2004, BoomBang Games (CEO Luis Oses and Max Bevilacqua)
is headquartered in Barcelona, Spain. The developer creates online games
designed to appeal to Spanish-speaking teenagers around the world.
?BoomBang,? developed by BoomBang Games, is a flash-based community game
designed for teens and users in their twenties. It offers various avatar
decorations and methods of social networking. BoomBang?s service is
currently being expanded from Spain to Spanish-speaking audiences in
North America and South America.
With this investment, BoomBang Games will be able to expand their user
base and boost the company?s overall growth. Nexon Japan will be able to
expand its virtual community games portfolio and to carry out ongoing
investment in South America.
Going forward, Nexon Japan will expand the servicing areas of ?BoomBang?
using Nexon?s overseas network, which services more than 71 countries.
BoomBang Games was advised by Agnitio Capital Limited, a
technology-focused advisory firm based in London, UK.
About BoomBang Games
BoomBang Games is a game developer based in Barcelona, Spain, that was
founded by Max Bevilacqua and Luis Oses in 2004. Its focus is to create
a safe and unique virtual world that targets users in their teens and
twenties who live in Spanish-speaking regions.
?BoomBang,? developed by the company, is a web-based community game in
which users express themselves through avatars, enjoy multi-player games
like art contests, communicate with other users, and decorate their
?islands? with pets and virtual items.
Currently, BoomBang is expanding its user base by targeting the teens in
Spain and South America. It offers its game service through a service
site name boombang.tv (http://www.boombang.tv/chooser.php)
in English and Spanish.