DeNA Has Big Quarter, Acquiree Ngmoco:( Has Layoffs

Japanese mobile gaming giant DeNA bought mobile app developer Ngmoco last year for $400 million. Since then, the company has acquired a range of other outfits and worked to tie the San Francisco startup in with everything else it does. In general, things seem to be going well. The conglomerate just posted a strong third quarter, with net sales up 16%, which in turn boosted the stock price by more than 8% for a valuation of $4.8 billion. However, net income declined versus the same period the previous year, from $106 million to $79.2 million.

Source: http://techcrunch.com/2012/02/08/dena-has-big-quarter-acquiree-ngmoco-has-layoffs/

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