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SEOUL, Aug 2 - South Korean game developerNetmarble Corp said on Monday it agreed to buy 100%of Hong Kong-based social casino game company SpinX Games for$2.19 billion.
Netmarble acquired SpinX through its holding company basedin the Cayman Islands, in an effort to diversify its gameportfolios and strengthen global business competitiveness, itsaid in a regulatory filing.
SpinX, established in 2014, offers casino game mobile appssuch as "Cash Frenzy" and reported a 328.9 billion won ($285.99million) revenue in the second quarter of this year, rankingthird out of firms in the global mobile social casino genre,Netmarble said. REUTERS