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| Last update: 12-05-05 | Submitted by ahbao |
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RealNetworks today announced it has acquired Helsinki-based Mr.Goodliving, a mobile games maker. The acquisition establishes Real in the mobile games market, provides new market opportunities for its existing library of game titles, and will expand the reach of Mr.Goodliving's titles into the US and Asia.
Mr.Goodliving has also developed EMERGE, a proprietary development platform which enables rapid and scalable publishing of games to more than 200 handsets in 20 languages. By combining the mobile games titles of Mr.Goodliving with Real’s existing library of casual games, and using the innovative EMERGE deployment technology, Real can now provide robust and flexible mobile game solutions for wireless carriers looking to differentiate in today’s hyper-competitive marketplace. Real is acquiring Mr.Goodliving Ltd for approximately $15 million in cash. The transaction formally closed on Friday May 6, 2005. Real expects the acquisition to generate incremental revenue of approximately $3 million for the remainder of 2005 and approximately $8 million in 2006. |
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Based in Helsinki, Finland and founded in 1999, Mr.Goodliving has created popular games includes the Playman Sports series and the European-distribution rights for the mobile edition of Trivial Pursuit. Mr.Goodliving's games are available today through more than 100 distributors and carriers including, Vodafone Global Content Services, MMO2 Group, Telefonica, H3G, T-Mobile International, and Orange Group.