South Korea’s Netmarble announced today that it has completed the acquisition of Kabam‘s high-value assets for an undisclosed sum.
Netmarble has now acquired Kabam’s Vancouver studio, responsible for its top performing Marvel game and the upcoming Transformers: Forged to Fight. It has also picked up the Customer Support team at Kabam Austin, and parts of the Business Development, Marketing Art and User Acquisition teams from Kabam San Francisco.
Kabam Games will continue to operate as a wholly-owned subsidiary of Netmarble and will be headed up by new CEO Tim Fields, who previously held the role of Senior VP and GM at the company.
Through the acquisition, Netmarble grows its portfolio of games with the addition of Kabam’s Marvel Contest of Champions, a consistent performer on the App Store and Google Play’s Top 10 grossing charts with nearly $500 million in revenue, and the upcoming Transformers: Forged to Fight, scheduled to launch in second quarter.