202128 Sep

Gaming company Kepler raises $120 million from China's NetEase

Summary

STOCKHOLM (Reuters) - Kepler Interactive, a game publisher co-owned and run by developers, on Tuesday said it got $120 million in funding from Chinese gaming firm NetEase Inc. The group, formed with seven gaming companies including Alpha Channel and Sloclap, plans to offer game studio founders to become co-owners, share resources and financial gains, while being charge of their own studios. Sweden’s Embracer had a somewhat similar model in which instead of partnering, it bought companies but allowed their founders to run them independently with full creative and operational freedom. That model has helped Embracer to become Europe’s largest video game company. Garavaryan did not disclose the valuation of the company but said NetEase would be a minority investor.

Source: Reuters

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