Neptune Co., Ltd. (Respective Representatives Kang Yul-bin and Jeong Wook) announced that it has completed the acquisition of a 51.37% stake in mobile game developer Phantom Co., Ltd. (CEO Kim Sang-heon).
Phantom is a company founded in 2019 by CEO Kim Sang-heon, who became famous for developing 'Abyssrium', and Director Kim Dong-jun, who was in charge of 'Middle-aged Knight Kim Bong-sik' at Map Games. Phantom's representative works include 'Penguin's Island', which recorded 30 million downloads globally, and 'Souls', which surpassed 100 billion won in global cumulative sales.
In particular, both 'Penguin Island' and 'Souls' were released in major markets such as North America and Europe through publishing contracts with 'Habby', a global game publisher well known for 'Archer's Legend', and currently 85% of Phantom's total sales are generated overseas.
Neptune has continuously invested in and acquired mobile game developers with outstanding development capabilities and successful experiences to strengthen the global competitiveness of its game business. In 2019, it acquired Nfly Studio, ▲Tripla and Playhard in 2021, and ▲Ike Games in 2024, expanding its business portfolio by acquiring a total of seven internal development studios and subsidiaries.
With this strategy, Neptune continues to achieve stable sales and operating profit growth through existing successful games and the release of up to 10 new games every year. N.Fly Studio's 'Infinite Stairs', a long-running mobile game representing Neptune, has surpassed 25 million cumulative downloads, and Tripla, which released 'Cat Snack Bar' and 'Cat Office' in succession, recorded cumulative sales of 34 billion won by the third quarter of 2024 alone.
Neptune CEO Kang Yul-bin said, “Phantom will play a key role in the future growth of Neptune’s game business as they possess emotional art, design, and game play that have already been proven in the global market.” He added, “We will continue to discover game developers with a formula for success, acquire them, and invest in them to secure and strengthen their growth momentum.”
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