Puzzle & Dragons developer valued at $15 billion

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May 13th, 2013, 19:56 Posted By: wraggster

Smash hit mobile game generating nearly $4 million a day

Puzzle & Dragons developer GungHo Entertainment has taken to new heights after being valued at more than $15 billion.
Only a couple weeks ago did the company’s stocktake a huge rise to $9 billion on the back of new game announcements related to its hugely popular free-to-play puzzle and RPG hybrid title.

But, as reported by The Wall Street Journal, the firm’s value has risen a further $6 billion since the end of last month, with its share price jump almost 29 per cent to value the company at $15 billion.
Serkantoto also reports that after generating $113 million in April alone through iOS and Android, GungHo is raking in $3.76 million a day.
The increase puts GungHo slightyl ahead of console giant Nintendo in value on the Japanese market, which is worth around $15 billion, and most of that is on the back of a single game. The company is also worth more than mobile gaming rival DeNA, which has a market cap of $4.3 billion, and other mobile and social gaming outfits such as Gree and Zynga.

http://www.develop-online.net/news/4...-at-15-billion

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