Kakao Games to acquire 39.56% stake in Me2on for $72.5M

Kakao Games said it decided at a board meeting today to acquire a 39.56% stake in social casino and casual game company Me2on for about 98 billion won ($72.5 million), a move that would make Kakao Games the company’s largest shareholder and give it management control once the deal closes. The acquisition is aimed at diversifying Kakao Games’ game portfolio and strengthening its overseas business and earnings base, Chosun Biz reported.