A Japanese game developer must read our coverage of the meteoric growth of App usage. The developer, DeNA paid up to $400 million for San Francisco-based Ngmoco, creator of well-known iPhone apps such as the Rolando series and Eliminate. “We’re building the largest mobile social gaming platform in the world,” declares DeNA founder and CEO Tomoko Namba.
As part of the deal, the two-year-old Ngmoco could receive an additional $100 million if the game developer meets unspecified goals by the end of 2011. The iPhone developer was founded by Electronics Arts exec Neil Young, plus Bob Stevenson, Alan Yu and Joe Keene.