Why This Mobile Game Company Raised $130 Million
SGN, MySpace cofounder Chris DeWolfe's mobile gaming firm, just raised $130 million from a Korean rival.
Social Gaming Network (SGN), the game publisher helmed by MySpace cocreator Chris DeWolfe, just raised a mammoth $130 million funding round from Korean gaming giant Netmarble. The funding round will make Netmarble the largest shareholder in SGN, and create a (according to the company) "strategic partnership" through which SGN will help increase Netmarble's footprint in North America, and Netmarble will assist SGN within several international markets.
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