Today, Electronic Arts announced that they have acquired J2MSoft Inc. (J2M). J2M typically specializes in free-to-play online games that use micro-transactions and advertisements to cover the costs of development and upkeep.
“This is a significant step in EA’s strategic plan for developing and publishing online games in Asia,” said Jon Niermann, President, EA Asia. “J2M is an experienced team of developers and we can’t wait to have them start creating online games based on new properties and powerful EA franchises.”
“Korean developers have created a unique style of online games that is growing in popularity all over Asia,” said J2M Founder and CEO KyungMin Bang. “We are excited that EA is aligning with our vision for online game. Joining EA presents our team with an opportunity to significantly expand our based with players throughout Asia and around the world as well as to be at the forefront of online gaming.”
EA has launched popular online games in Asia including EA SPORTS™ FIFA Online and NBA STREET Online. Other EA titles in development for online play in Asia include Warhammer®: Age of Reckoning®, Need For Speed and Battlefield Heroes. EA SPORTS FIFA Online debuted in Korea in 2006 and is currently among Korea’s top-ten online games. In the months ahead, EA expects to announce other popular franchises in development for online play in Asia.
The acquisition closed on December 2, 2008. Terms of the agreement were not released. While valuations are not yet complete, EA does not expect the acquisition to have a material impact on its financial results in fiscal 2009.
No games have been announced yet from this new acquisition, but we'll surely keep you "in the know" as announcements are made.
“Korean developers have created a unique style of online games that is growing in popularity all over Asia,” said J2M Founder and CEO KyungMin Bang. “We are excited that EA is aligning with our vision for online game. Joining EA presents our team with an opportunity to significantly expand our based with players throughout Asia and around the world as well as to be at the forefront of online gaming.”
EA has launched popular online games in Asia including EA SPORTS™ FIFA Online and NBA STREET Online. Other EA titles in development for online play in Asia include Warhammer®: Age of Reckoning®, Need For Speed and Battlefield Heroes. EA SPORTS FIFA Online debuted in Korea in 2006 and is currently among Korea’s top-ten online games. In the months ahead, EA expects to announce other popular franchises in development for online play in Asia.
The acquisition closed on December 2, 2008. Terms of the agreement were not released. While valuations are not yet complete, EA does not expect the acquisition to have a material impact on its financial results in fiscal 2009.
Yeah, they have been releasing a few High Quality Games lately. Some of their other game were very boring, or just did not live up to player expectations.
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