Seoul, Dec 7 (SocialNews.XYZ) Krafton, a South Korean gaming giant behind the global smash hit "PlayerUnknown's Battlegrounds" (PUBG), on Tuesday said that it has invested $6 million in an Arabic mobile games publisher
The investment into Tamatem Games is part of a funding round worth $11 million that includes other investors, such as Venture Souq and Endeavor Catalyst, it said.
Tamatem Games, founded in 2013 and based in Amman, Jordan, is a mobile publisher focusing on the Arabic-speaking market. It has published over 50 games, logging over 100 million downloads.
Krafton said the funds will help Tamatem Games expand its efforts to bring a wider selection of games with bigger and more popular titles to the Arabic market, reports Yonhap news agency.
Established in 2007, Krafton became a major contender in the global video market after its launch of PUBG in 2017.
The battle royale style game, in which users fight to remain as the last person alive, has been hugely popular worldwide, with Krafton selling over 75 million copies of the game for computers and consoles.
The mobile version of the game has racked up over 1 billion downloads globally, excluding China.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
