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EA Acquires Korean Developer J2MSoft

by Rainier on Dec. 3, 2008 @ 1:34 a.m. PST

EA announced the acquisition of Korean developer J2MSoft, known for developing free-to-play online games which are monetized through micro-transactions and advertising. Online games created and wholly owned by J2M include RayCity, TAAN, and Debut, and other properties to be announced.

EA announced the acquisition of J2MSoft , known for its free-to-play online games such as RayCity, TAAN, and Debut, and other properties to be announced.

"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."

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.

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