GREE in action at a gaming conference.
GREE (TYO:3632) announced today that it has purchased shares in GeePlus, a company that plans and develops social games in Japan. This major investment will see GREE having 49.2 percent voting rights at the newly-formed GeePlus.
GeePlus has 140 engineers and staff who were transferred from Polygon Magic, the parent company of GeePlus. We reached out to a rep from GREE who told us that GeePlus is actually just a one-month old company. It’s a spinoff from Polygon Magic and will only focus on planning, development and operation of social games. Polygon Magic is in the offline gaming business – namely, pachinko – as well.
You can’t really find much information on the internet if you search for it. A quick Google search on GeePlus didn’t give me much more than an electromechanical solutions company.
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